iPhone 11 pricing shows Apple is learning from past mistakes.

iPhone 11 pricing shows Apple is learning from past mistakes.

KEY POINTS

  • Apple announced its newest, basic model will be priced at $699 rather than $749.
  • Apple has shown an ability to be tactical and understand the market dynamics” with its pricing, says Bank of America’s Wamsi Mohan.
  • The tech giant is selling the iPhone 11 at a price drop that will hopefully draw in customers since iPhone unit sales peaked in 2015.

Apple on Tuesday announced its new iPhones with improved technology, but the focus is on the attractive price point. The tech giant is selling the iPhone 11 for $699, a $50 price drop from last year’s equivalent model. The lower pricing is an unusual move for the company, which has historically maintained premium pricing.

But analysts believe Apple’s newfound pricing strategy could rekindle iPhone sales, which peaked in 2015. Apple stopped reporting unit sales this year.

“Apple has shown an ability to be tactical and understand the market dynamics,” said Wamsi Mohan, senior equity research analyst at Bank of America Merrill Lynch, on “Squawk Alley.”

A Goldman Sachs analyst echoed similar sentiments to CNBC earlier in the day.

“The pricing on the iPhone, the base iPhone, is attractive,” said Rod Hall, a senior equity analyst. “I would expect unit share to shift over to that aggressively.”

Hall added that there’s not much room left to raise prices on the iPhone, even though it becomes “more attractive” with upgrades.

It’s a move that took several analysts by surprise.

“We came out largely positive from the event… led by Lowered Pricing of iPhone 11 relative to XR, which could act as a positive driver for volumes in the entry-level premium smartphone segment,” wrote J.P. Morgan in a research note Wednesday.

However, Hall said he’s not confident the drop in price will boost sales.

“You’re probably not going to get a lot more unit demand coming through as a result of that lower price,” he said.

Shares of Apple rose around 2.87% on Wednesday after climbing more than 1% on Tuesday.

Lionel Messi Leads Top 10 Player Ratings For FIFA 20 Game.

Lionel Messi Leads Top 10 Player Ratings For FIFA 20 Game.

The ‘FIFA 20’ demo is out by EA Sports on Xbox One, Playstation 4 and PC.

This week the top-rated players were announced with Lionel Messi of Barcelona leading the way with a 94.

The game is set to be released in the United States on Sept. 24.

As you would expect, Messi is joined near the top by Cristiano Ronaldo, while PSG superstar Neymar follows.

Here’s a look at the top 10:

  • Lionel Messi (Barcelona) – 94
    Cristiano Ronaldo (Piemonte Calcio*) – 93
    Neymar (PSG) – 92
    Eden Hazard (Real Madrid) – 91
    Kevin De Bruyne (Manchester City) – 91
    Jan Oblak (Atletico Madrid) – 91
    Virgil van Dijk (Liverpool) – 90
    Mohamed Salah (Liverpool) – 90
    Luka Modric (Real Madrid) – 90
    Marc-Andre Ter Stegen (Barcelona) – 90
  • Note: You may notice a different team name next to Ronaldo’s instead of Juventus, but that’s because Juve is not in licensed in the game this year — as the club signed exclusively with “PES 2020.” Juve is replaced by Piemonte Calcio — a created name with different jerseys, stadium, etc.

    On the list, there’s not a whole lot to disagree with. Perhaps Kylian Mbappe of PSG could be there at some point, and maybe Sergio Ramos of Real Madrid.

    I would have put Liverpool’s Alisson at No. 10 over Barca’s goalkeeper, and maybe not put Eden Hazard so high up.

    I don’t think many would have argued with Mbappe being on the list and ahead of Neymar with the French superstar coming off another fantastic season in which he scored 39 goals.

    Rafael Nadal wins yet another U.S. Open men’s championship

    Rafael Nadal won yet another U.S. Open men’s championship on Sunday night, defeating 23-year-old Russian Daniil Medvedev.

    In winning the fourth U.S. Open of his career — and his 19th Grand Slam title overall, one shy of the record, the 33-year-old Nadal had to outlast a player 10 years his junior in a nearly five-hour, five-set match. Nadal won $3.85 million as the 2019 men’s U.S. Open champion, and he’s now won more than $115 million in total career prize money.

    Nadal, who won his first-ever Grand Slam title as a 19-year-old at the 2005 French Open, has experienced massive and sustained success for well over a decade even as he’s battled injuries that threatened his career at times.

    Rkelly Teenage girlfriends searching for funds for new legal team

    Rkelly court appearance
    Rkelly court appearance

    R.kelly Teenage girlfriends searching for funds for new legal team

    Rkelly girlfriends

    According to reports the two women are trying to get the services of the lawyer, Tom Mesereau who R.kelly specifically suggested for.

    It would be recalled that Tom Mesereau is famous for handling Michael Jackson’s trial years ago.
    His girlfriends are said to have several projects lined up to help raise money for the expensive lawyer.

    R.Kelly will be needing forensic experts, experts in sex trafficking and even private investigators.  It doesn’t come cheap as they would cost as much as $1 Million.
    it is certain that these women are doing everything possible to get R.Kelly out of jail.

    Kevin Hart and Friend involved in Car Crash with major back injuries

    kevin Hart and his friend Jared Black has been involved in a car crash which they suffered some major back injuries.

    according to reports the car accident occurred on Sunday . The electric blue car in the accident was identified as the one Kevin hart got himself as a recent birthday gift. The car crashed through a fence and plunged down a gully.

    Kevin Hart’s friend, Jared Black was reported to be behind the wheel when the accident occurred. Also in the car at the time of the accident was Kevin hart’s wife personal trainer.

    Kevin hart and his friend Jared black were the only ones reported to have sustained major injuries from the accident and as a result of this were both transported and treated at nearby hospitals.

    Roma set to sign Henrikh Mkhitaryan on Loan

    AS Roma and Arsenal Fc have reached an agreement to sign midfielder Herikh Mkhitaryan on a season long loan deal.

    The italian club would pay a loan fee for the 30year old midfielder without a permanent transfer clause attatched.
    Mkhitaryan joined Arsenal from manchester united in january 2018 in a swap deal involving alexis sanchez.

    The midfielder featured in the 2-2 draw against tottenham on sunday, but came on as a second half substitute. He has now travelled to the italian capital to finalise his loan move.
    Arsenal also remain open to letting defender Shkodran Mustafi go before Monday’s transfer deadline – but it looks unlikely the 27-year-old German will leave.

    YVONNE JEGEDE INVITES MEN TO SHOOT SHOT

    Yvonne Jegede has shared a hilarious post asking men whose advances she refused earlier to come and try shooting their shot again.

    The actress shared a viral photo with words that read: “If you have toasted me before and i told you I’m in a relationship, please come back.”She added in the caption: “Oya ooo. You all know the story… #shootyourshot.”

    DAVIDO, MAYORKUN AND DREMO RELEASE ON GOD

    Africa’s leading imprint, DMW presents a new single titled “On God”, to build up their upcoming collective project.
    The new record, “On God” features African heavyweight, Davido, Mayorkun , Dremo.

    In addition to all this, the song has production credit from serial hit-maker, Rexxie; mixed and mastered by Spyritmyx.

    RIHANNA COVERS SEPTEMBER EDITION OF VOGUE HONG KONG

    Nine-time Grammy winner Rihanna covered the September issue of Vogue Hong Kong that’ll be hitting newsstands this weekend.

     

     

     

    The magazine edition declares her an ‘icon for our times and the ultimate fashion force.

    Rihanna rocked designers like Louis Vuitton, Dries Van Noten, & Alexander McQueen selected by fashion director Anya Ziourova.

    Hairstylist Yusef coiffed the Guava Island actress and make-up artist Kanako Takase applied her minimal make-up.