Apple Reveals New iPhone 8, But Will It Make Apple’s Stock Take Off?

September 12, 2017
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It’s the moment the world has been waiting for; the reveal of the new iPhone has just taken place.  The Verge reports that “the jump from the iPhone 7 to the iPhone 8 is pretty significant, marking the first time since the iPhone 3GS was released back in 2009 that an iPhone model hasn’t received a spec-boosted “S” variant. Apple may be moving up numerically, but the new iPhone 8 models look to continue the same rough design the company has been using since 2014 from the iPhone 6 and 6 Plus.

Despite the same basic design, the phone does have some new features.  “One of the biggest changes comes in the form of a glass back, in order to enable one of the biggest internal changes: inductive wireless charging, which wouldn’t have worked through the aluminum shell of the old model. And, like the iPhone 7, there’s still no 3.5mm headphone jack.”

The processor is also updated, “from the A10 Fusion found in the 7 to the A11 Bionic. It’s a six-core chip with two performance cores that are 25 percent faster than the A10, and four performance cores that the company says are 70 percent faster that the old model. There’s also a new Apple-designed GPU that’s 30 percent faster, with the same performance as the A10 at half the power.” This may be one of the biggest changes as customers have always asked for a more efficient battery life to go along with increased performance.

The question investors will have is if this iPhone will be a game breaking product. Apple has needed a breakthrough product for some time to compete with Android. Only time will tell, but investors should keep an eye out for Apple’s stock.

To learn more about the new iPhone’s specifications, go to theverge.com.

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