Apple’s Newest iPhone Hits Stores
Apple Inc.’s newest iPhone 4S has been met with harsh criticism from investors and fans after leaving Wall Street, sending shares plummeting down to 5 percent before recovering to close down 0.6 percent.
Enthusiasts of the former iteration of the iPhone expected to be blown away with new features for the gadget. While the device comes with voice recognition and a better camera, it looks identical to the last version. Analysts say that in future months, it will be even more important to keep up the popularity of the older iPhone 4.
The iPhone has been a hot commodity since it first emerged in 2007, making Apple one of the leading consumer electronics companies. The iPhone accounts for more than 40% of Apple’s sales.
Android phones by Samsung Electronics and other rivals are starting to approach Apple’s sizable lead, making it even more important for Apple to create a buzz with the new product.
Will you buy the new iPhone?