Apple To Introduce Low-Cost 5G iPhone and iPad - InvestingChannel

Apple To Introduce Low-Cost 5G iPhone and iPad

Apple (AAPL) is planning to launch on March 8 a new low-cost iPhone and an updated iPad, kicking off a potentially record-setting year for product launches from the consumer electronics giant.

The iPhone and iPad launches will mark Apple’s first major event since a new MacBook Pro was introduced last October. Like the company’s other recent launches, it’s expected to be an online presentation rather than in-person event.

Apple is coming off a holiday quarter that far exceeded Wall Street forecasts, helping quell fears that supply-chain problems would hurt sales. Now the company is setting its sights higher for 2022.

The March announcements — along with the usual flood of product news expected later in 2022 — suggest Apple will introduce its biggest crop of new devices ever in a single year.

The new phone will be the first update to the iPhone SE model in two years, adding 5G network capabilities, an improved camera and a faster processor. But the design itself is expected to be similar to the current version, which debuted in April 2020.

The new iPad will be an update to the Air model that features a faster processor and 5G capability. The company is also planning a new Mac with Apple-designed chips, which could also be introduced in March.

In addition to announcing new devices, the company is planning to release iOS 15.4 in the first half of March, the people said. The software update will add Face ID support for people wearing masks to iPhones and iPads, making it easier for users to unlock their devices.

iOS 15.4 also has new emojis and Universal Control, which lets customers use a single keyboard and trackpad across multiple iPads and Macs.

Following the March event, the company will likely hold its annual “Worldwide Developers Conference” in June to announce software updates for the iPhone, iPad, Mac and Apple Watch.

The 2022 lineup is likely to include new iMac and Mac Pro desktops, a redesigned MacBook Air, an updated low-end MacBook Pro, three Apple Watches, four iPhone 14 models and new AirPods.

Apple is also planning new services this year, such as a feature that lets the iPhone accept payments with the tap of a credit card.

Apple is working on a high-end mixed reality headset as well, but that’s now more likely to be released in 2023. The company had aimed to announce the device as early as the end of 2022, but development challenges have delayed the timing, according to media reports.