Apple reveals triple-camera iPhone; $5 monthly streaming TV…

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Apple Inc caught up with hardware rivals on Tuesday by revealing a triple-camera iPhone, and it rolled out a streaming TV service priced at $5 a month, undercutting Disney and Netflix.

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CUPERTINO, Calif. (Reuters) – Apple Inc (AAPL.O

Apple’s challenge is to persuade consumers that its family of devices, from its set-top box to phones, are the best one-stop place to watch shows.

“The roll out of new subscription-based services by Apple paves the way for the introduction of new business models akin to the all-you-can-eat bundles like Amazon Prime,” said Paolo Pescatore, analyst with PP Foresight. “In the future we might even see users pay for a service bundle and receive a new iPhone every year.”

Apple also unveiled an updated watch, the Series 5, with an always-on display, starting at $399, while keeping the older Series 3 starting at $199. Moorhead said the older model would drive “tremendous” business.

Apple said the seventh generation of the iPad will start at $329 and be available to order starting Tuesday and in stores on Sept. 30.

Reporting by Stephen Nellis and Noel Randewich; Additional reporting by Caroline Valetkevitch and Lisa Richwine; Editing by Peter Henderson, Lisa Shumaker and Nick Zieminski


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Author:

Apple Inc caught up with hardware rivals on Tuesday by revealing a triple-camera iPhone, and it rolled out a streaming TV service priced at $5 a month, undercutting Disney and Netflix.

Source: {authorlink}

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