Apple is gearing up for its annual September keynote event, titled ‘It’s GlowTime,’ where it’s expected to unveil the new iPhone 16 series, Apple Watch Series 10, and updated AirPods. The iPhone 16 Pro is rumored to feature a 6.3-inch screen, 5x optical zoom telephoto camera, and advanced AI capabilities, while maintaining its starting price of $999 in the US. The new devices will likely incorporate the A18 chip, showcasing Apple’s continued collaboration with Arm technology.The Apple Watch Series 10 is anticipated to have a thinner design with larger displays, while the entry-level AirPods are expected to include active noise cancellation for the first time. These updates aim to revitalize Apple’s wearables division, which has seen declining revenue for two consecutive years.Meanwhile, the broader tech sector is facing challenges. Nvidia experienced a significant 9.5% drop in stock value, losing nearly $280 billion in market capitalization. This decline has had a ripple effect on Asian markets, with Tokyo and Taipei seeing drops of more than 3%. However, some analysts see the recent S&P 500 selloff as a buying opportunity, with Evercore ISI projecting the index to reach 6,000 by the end of 2024.In other tech news, Dell Technologies is set to rejoin the S&P 500 index on September 23, with its shares jumping 6.1% in pre-market trading. Huawei is also making waves with its new tri-fold smartphone, the Mate XT, receiving over 2.7 million pre-orders just days after its unveiling. These developments highlight the ongoing competition and innovation in the tech sector, despite market volatility.
Key points
- Apple is set to unveil new iPhone 16, Apple Watch, and AirPods models with advanced features at its September event.
- The tech sector is experiencing volatility, with Nvidia’s stock drop affecting Asian markets.
- Analysts see recent market selloffs as potential buying opportunities, projecting growth in the S&P 500.
Contradictions👾While some analysts project growth and see buying opportunities in the tech sector, others are cautious due to market volatility and declining stock values.
