Apple’s shares fall despite iPhone 5S and iPhone 5C releases

Apple shares fall despite iPhone 5S and iPhone 5C releases

Apple’s share prices fell last night, despite the company unveiling its two new models, the iPhone 5S and iPhone 5C on Tuesday.

The concerns have surfaced after the iPhone 5C, which had previously been dubbed the ‘cheap’ iPhone in rumours leading up to the launch event, was released with a price tag of £469. Apple fans present at the Chinese launch event expressed their disappointment that the colourful handset would be sold at the same price as the iPhone 4S is currently­, which is only a mere £80 cheaper than the also new iPhone 5S.

Shareholders have demonstrated their lack of confidence that Apple will be able to break into emerging markets as well as its competitors such as Samsung, HTC and LG.  

Although in the US and UK, mobile phone networks heavily subsidise handsets on mobile phone contracts, many other countries do not, meaning that users are forced to buy cheaper handsets in order to afford a mobile phone.

The feeling of disappointment with the iPhone 5C’s price tag appears to be widespread though; the initial excitement that Apple was changing its ways by releasing more than one iPhone within a year was soon washed away when it emerged that the company isn’t willing to open up to a wider audience.

Pre-order your iPhone 5C now!

It's not all doom and gloom though; many Apple fans are excited about the iPhone 5C, which is available for pre-order from TOMORROW (13th September). The iPhone 5S will go on sale next Friday (20th September), so make sure you check out the best iPhone deals here!

Written by Charlotte Kertrestel

XS SM MD LG