Beginning on September 9, preorders for the iPhone 14 ($799 starting price) and the iPhone Plus ($899 starting price) will be accepted. The iPhone Pro and iPhone Pro Max will both cost $999 and be available on September 16 for purchase. View More Tom Forte, a D.A. Davidson analyst, said, “It’s interesting that they decided to virtually maintain prices despite inflationary pressure.” “Apple made this decision or adopted this strategy because it thinks it can maintain margins by phasing out a lower-priced product from the lineup. Apple said that its satellite SOS will cooperate with first responders. It added that users will occasionally be able to communicate their location via satellite via its FindMy app when there is no other connectivity.
Reuters, September 7 – New iPhone 14 versions were unveiled by Apple Inc (AAPL.O), along with an adventure-focused Ultra Watch for activities like triathlons and diving that can transmit emergency messages through satellite. The outdoor-focused products will demonstrate if Apple’s comparatively wealthy clientele will continue to spend despite growing inflation. The premium iPhone 14s is priced the same as the iPhone 13 models from the previous year. However, Apple no longer offers the iPhone small, making the least expensive model $100 more expensive than last year.
The service will be free for two years with the iPhone 14. Apple did not say what would happen after that period. Shares in Globalstar Inc (GSAT.A) jumped 20% on Wednesday after the satellite services firm announced it will be the satellite operator for Apple’s emergency SOS service. Apple will pay for 95% of the approved capital expenditure for the new satellites that would be needed to support the service, but Globalstar said it will still need to raise additional debt to construct and deploy the satellites. read more
The stock had gained almost 70% from mid-June to Tuesday’s close, following speculation of working with Apple. Other companies are working on similar functions. SpaceX founder Elon Musk said last month it is working with T-Mobile (TMUS.O) to use its Starlink satellites to connect phones directly to the internet.