Apple loses $81 billion of market value as 5G iPhone 12 launched...

Dhaka, Sunday   25 October 2020

Apple loses $81 billion of market value as 5G iPhone 12 launched

 Science & IT Desk daily-bangladesh.com

 Published: 10:11 AM, 18 October 2020   Updated: 10:14 AM, 18 October 2020

Apple loses $81 billion of market value as 5G iPhone 12 launched

Apple loses $81 billion of market value as 5G iPhone 12 launched

Apple shares tumble 4%, loses up to $81 billion in market value as it unveils the new 5G iPhone 12.

The loss followed the reveal of its first-ever 5G-enabled smartphone lineup by Apple. In addition to a total of four iPhone models namely iPhone 12, iPhone 12 Mini, iPhone 12 Pro and iPhone 12 Pro Max, the company also showcased a smaller version of its HomePod Mini home assistant.

The Apple iPhone 12 will be available in a size of 6.1 inches and as a 5.4-inch as the iPhone 12 mini. The premium iPhone 12 Pro is sold in sizes 6.1 inches and 6.7 inches. The new phone will also have longer-lasting screens, improved cameras and a faster processor, the company said.

The drop was stark enough to judge the reaction of the market to the new range of iPhones. While it is expected that the new iPhone models will serve as a serious upgrade to the predecessors, both in terms of design and performance, it is true that people have been left wanting for more.

DailyBangladesh/SA