Video In San Francisco, Apple’s chief executive, Timothy D. Cook, called the new iPhone 6s and 6s, “the most advanced smartphones in the world.”
By KATIE BENNER
September 9, 2015
SAN FRANCISCO — As it nears a size and scope never before approached by a technology company, Apple is doing things its executives said it never would.
Apple’s co-founder, Steven P. Jobs, once announced that using a stylus with a computing device was passé. But guess what? The company is now offering a stylus, called Apple Pencil, for $100.
And in a move sure to make Apple old-timers squirm, the newest version of the iPad, which has an optional keyboard that attaches to the tablet, is even imitating some of the features of Microsoft’s competing product, called the Surface.
Together, the tablet, stylus and keyboard make for a combination computing device that Apple executives had long said that they wouldn’t create, perhaps indicating the people running the company today are willing to forget about the past as they try to cater to shifting consumer tastes.
Interactive Feature | From Our Live Coverage
But the center of this ever-expanding Silicon Valley giant is still the iPhone, which accounts for 56 percent of Apple’s profits. And in a presentation that lasted more than two hours on Wednesday at the Bill Graham Civic Auditorium here, Apple executives emphasized several new iPhone features that — despite other announcements, ranging from an improved version of the company’s television controller to chic watchbands — are still the key to Apple’s success.
“Investors have been rewarded by assuming Apple can continually push the envelope on what a phone and the company can do,” said Michael A. Sansoterra, the chief investment officer at Silvant Capital Management, which owns Apple stock.
Because of the first iteration of the larger-screen iPhone 6 introduced last year, Apple’s fourth quarter of fiscal 2014, when the company had an $18 billion profit, was the most profitable quarter ever for a publicly traded company.
But meeting expectations is becoming a bigger challenge. In its most recent quarter, Apple posted quarterly revenue of $49.6 billion and a $10.7 billion profit; iPhone revenue was up 59 percent from the previous year. But those results still fell short of Wall Street estimates, and Apple’s share price tumbled 4 percent in the following day …Read More