Fund managers have spoken out in favour of tech giant Apple despite the announcement it would be launching its much-anticipated iPhone X later than expected, which caused a 2.5% fall in intraday trading on Tuesday.
While Tim Cook, CEO of Apple, said this model would be the "biggest leap" forward since the original iPhone, investors paid more attention to the launch date, which was set for November 3 in an unprecedented move for the company who normally set the release date in September. The CEO unveiled three new models that will make up the iPhone X generation. The £999 top tier model will not have the famous home button, which has been a part of the iPhone since launching in 2007, while facial recognition, sharper displays and wireless charging were also among the key features unveiled. Shares...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
