Apple IPhone Models Show Shift From Pioneer to Emulator
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Apple Inc. fell the most in almost five months after unveiling two iPhones that were criticized by analysts as lacking enough new features or a sufficiently low price to attract a broad range of new customers.
In a break with the past, when the company introduced one iPhone a year, Apple yesterday unveiled two new models. The iPhone 5C will cost $99 to $199 with a wireless contract and comes in five different colors. A high-end iPhone 5S with fingerprint-security features, a speedier processor and better camera will cost $199 to $399 and be available in three colors. Apple’s shares declined as much as 6 percent, making it the worst performer in the Standard & Poor’s 500 Index.