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Business News/ Markets / Stock Markets/  Apple shares end 1.7% lower after iPhone 15 launch at ‘Wonderlust’ event
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Apple shares end 1.7% lower after iPhone 15 launch at ‘Wonderlust’ event

The tech giant unveiled its latest iPhone 15 and iPhone 15 Plus with Dynamic Island feature which was earlier reserved for pro versions of iPhones.

Apple Event 2023: iPhone 15 was unveiled with better display and enhanced HDR. (Apple)Premium
Apple Event 2023: iPhone 15 was unveiled with better display and enhanced HDR. (Apple)

Apple share price declined over a percent on Tuesday as the company launched iPhone 15 at its flagship launch event ‘Wonderlust’. Apple shares ended 1.71% lower at $176.30 apiece.

The fall in Apple share price also came after a report that China's Huawei Technologies has raised the second-half shipment target for its Mate 60 series smartphone by 20%, according to news agency Reuters.

Over the last five days, the Apple stock price has fallen more than 6%. However, Apple shares have rallied 41% year to date, according to exchange data.

Weakness in tech shares dragged Nasdaq as the tech-heavy index ended 1.04% lower at 13,773.62. The S&P 500 declined 0.57% to end the session at 4,461.91 points, while Dow Jones Industrial Average eased 0.05% to 34,645.99 points.

At its annual event, the tech giant unveiled its latest iPhone 15 and iPhone 15 Plus with dynamic island feature which was earlier reserved for pro versions of iPhones. It also launched the Apple Series Series 9 version at the event held in the company's headquarters in Cupertino.

The new set of iPhone 15 comes with 6.1 and 6.7-inch displays.  The brand new iPhone version is built with 75 per cent recycled aluminum and 100 per cent recycled cobalt. iPhone 15 is launched in Pink, Yellow, Green, Blue, and Black color options.

Follow live updates of Apple flagship event ‘Wonderlust’ here

 The 48-megapixel camera in iPhone 15 features 26mm focal strength, 100 per cent Focus pixels, sensor-shift OIS, etc. The brand new iPhone 15 price starts from $799 ( 66,215) and the price for iPhone 15 plus starts from $899 ( 74,503).

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Updated: 13 Sep 2023, 06:25 AM IST
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