“We keep making the iPhone more capable,” Apple CEO Tim Cook boasted.
Apple is also promising better cameras on the iPhone 13, including an improved ultrawide lens, a cinematic-like video feature and technology for better nighttime pictures. (The latter mirrors a feature Google has long offered in its line of Pixel phones, which haven’t been big sellers yet.) As usual, the latest iPhones are supposed to have longer-lasting batteries, too.
These kinds of incremental upgrades have become routine for Apple and other device makers in recent years as the pace of smartphone innovation slowed, even while prices for some phones have climbed above $1,000. That trend has prompted more consumers to hold on to their older smartphones for longer periods.
That boom has helped push Apple’s stock price near its all-time highs recently, giving the company a market value of about $2.5 trillion — more than twice what it was before the pandemic began 18 months ago.
But the release of last year’s iPhone 12 unleashed one of Apple’s biggest sales spurts since 2014, possibly because the pandemic helped make homebound people realize it was time to get a newer and better model than what they had been using. Through the first six months of this year, Apple’s iPhone sales have surged by nearly 60% from the same time last year.