Apple unveils iPhone 7, Nintendo shares jump on new phone games

By Julia Love and Alexandria Sage. SAN FRANCISCO (Reuters) – Apple Inc unveiled its new water-resistant iPhone 7 with high-resolution dual-lens cameras at its fall product event on Wednesday, and said a Super Mario game was coming to the new phone and Pokemon Go would feature on its upgraded Apple Watch.

Apple Inc CEO Tim Cook discusses the iPhone during an Apple media event in San Francisco, California, U.S. September 7, 2016. Reuters/Beck Diefenbach
Apple Inc CEO Tim Cook discusses the iPhone during an Apple media event in San Francisco, California, U.S. September 7, 2016. Reuters/Beck Diefenbach

The excitement at the Bill Graham auditorium in San Francisco was not matched on Wall Street, where Apple’s stock was down 0.4 percent. However, Nintendo Co Ltd’s U.S.-listed shares, jumped more than 20 percent to trade around $35 on hopes its games would reach a new audience.

The world’s best-known technology company made the details of the new phone public in a series of tweets that were quickly taken down, but not before being widely retweeted.

Apple is widely expected to ditch the headphone jack in its newest phone, paving the way for a new generation of wireless headphones.

The company typically gives its main product, which accounts for more than half of its revenue, a big makeover every other year and the last major redesign was the iPhone 6 in 2014. The modest updates suggest that this cycle will be three years.

(Reporting by Julia Love; Writing by Bill Rigby and Peter Henderson; Editing by Bernard Orr)

beki

Related Posts

Join the Discussion

Your email address will not be published. Required fields are marked *

arrow