Apple Unveils Next Generation of iPhones
Apple's latest iPhones will come in a bevy of colors and two distinct designs, one made of plastic and the other that aims to be "the gold standard of smartphones" and reads your fingerprint.
Apple unveiled the latest iPhone models, available on Sept. 20, during an event at its Cupertino, Calif., headquarters. The move comes as rival phones from Samsung and other manufacturers are challenging Apple's hold on the smartphone market.
The lower-cost iPhone 5C will be available in five colors — green, blue, yellow, pink and white. CEO Tim Cook calls it "more fun and colorful" than any other iPhone. The 5C has a 4-inch Retina display and is powered by Apple's A6 chip. It also has an 8 megapixel camera, live photo filters and a rear cover that lights up.
The iPhone 5C will cost $99 for a 16 gigabyte model and $199 for a 32 gigabyte model with a two-year wireless contract. The phone is expected to help Apple boost sales in China and other areas where people don't have as much money to spend on new gadgets as they do in the U.S. and Europe.
The second phone, the 5S, is "the most forward-looking phone we have ever created," said Phil Schiller, senior vice president of worldwide marketing at Apple. It will come in silver, gold and "space gray" and run a new chip, the A7 that is up to twice as fast as the A6.
Schiller said the new phone can run more health and fitness applications. These apps have become increasingly popular as more people use them to track exercise routines, calorie intake and even sleep patterns.
The camera in the 5S received some major upgrades, including several automatic features designed to produce better photos. It has larger pixels, which helps capture more light. The phone also has a two-tone flash feature that is designed not to clash with the colors in the room or a person's skin color — something Schiller said has not been done on a phone before.
The camera, called iSight, has "auto image stabilization," which helps avoid blurry pictures, and a slow-motion camera for video.
The 5S also includes "Touch ID," which reads fingerprints at a "detailed level," Schiller said. He said it is "fun and easy" to teach the 5S about your fingerprint and once you do, you can just touch the home button to unlock the phone. The company said fingerprints will not be stored on its servers.
Tying the fingerprint scanner to payments could also open new revenue channels for Apple.
Both models will be on sale on Sept. 20 in the U.S., Australia, China, Canada, France, Germany, Japan, Singapore and U.K. Apple said this is the first time that a new phone has been available right away in China — a sign of the growing importance of that market to the company. People will be able to order the 5C in advance on Sept. 13.
For buyers entering a two-year contract with a wireless carrier, the phone will cost $199 for 16 gigabytes of memory, $299 for 32 and $399 for 64.
Apple also said its next mobile operating system, iOS 7, will be available as a free download on Sept. 18.
Craig Federighi, head of software at Apple Inc., said at an event at the company's Cupertino, Calif., headquarters that "downloading iOS 7 is like getting an all new device."
The new system can be downloaded on the iPhone 4 and later models, as well as on the tablets beginning with the iPad 2.
Apple also says it expects to ship its 700 millionth iOS device next month. Apple CEO Tim Cook predicts that iOS 7 will become the most popular mobile operating system in the world.
Investors seemed unimpressed. Apple's stock price fell $3.17 to $503.10 during the event, which also featured Elvis Costello. The singer performed a new song from a record coming out next week.
More Business News
Last Update on September 01, 2015 17:13 GMT
WASHINGTON (AP) -- U.S. construction spending in July climbed to its highest level in more than seven years, boosted by an increase in the building of houses, factories and power plants.
The Commerce Department says construction spending rose 0.7 percent to a seasonally adjusted annual rate of $1.08 trillion, the highest level since May 2008. The report also revised up the June increase in construction spending to 0.7 percent from 0.1 percent previously.
Ground breakings for houses, apartment complexes and commercial centers have helped to improve overall economic growth. The government said last week that the U.S. economy expanded at an annual rate of 3.7 percent in the April-June quarter, after having edged up just 0.6 percent in the first quarter.
Total construction spending has risen 13.7 percent over the past 12 months.
WASHINGTON (AP) -- A private survey finds that growth in US manufacturing slowed last month to the lowest pace in more than two years.
The Institute for Supply Management, a trade group for purchasing managers, reports that its manufacturing index slid to 51.1 last month from 52.7 in July. It was the second straight drop, and marked the weakest reading since May 2013. Anything above 50 signals growth. Economists had expected the index to rise last month.
Raw materials prices fell for the 10th straight month. Growth fell in production, employment and exports.
The strong dollar has made U.S. goods more expensive in foreign markets. China's economic slowdown has also pinched manufacturers and pushed commodities prices lower.
DETROIT (AP) -- Fiat Chrysler's U.S. sales rose 2 percent in August thanks to strong demand for Jeep SUVs.
Jeep brand sales were up 18 percent, making up for double-digit declines for the Chrysler and Dodge brands. Fiat Chrysler sold 201,672 vehicles overall.
Industry sales were expected to drop 3 percent from last August, according to car buying site TrueCar.com. It was the first year-over-year monthly sales decline since January 2014. But industry analysts say a quirk in the calendar -- not a lack of demand -- was to blame.
Labor Day is typically one of the biggest sales weekends of the year as dealers hold model year-end clearance sales. Last year, Labor Day weekend was counted as part of August sales. This year it's in September.
WASHINGTON (AP) -- A federal panel says airlines should clearly disclose the cost of change and cancellation fees, as well as the size of the plane's seats, before a passenger buys a ticket.
The Advisory Committee For Aviation Consumer Protections also is recommending that hotels be required to include any mandatory resort or other fees in their room rates.
Some hotels have begun adding mandatory fees to bills even though customers say they weren't informed of them when they booked their rooms.
Likewise, the panel heard testimony that passengers must search to find the cost of change or cancellation fees that airlines hide in a ticket's fine print. The fees can run hundreds of dollars.
Airlines have also shrunk the distance between seats as much as six inches in recent years.
JAKARTA, Indonesia (AP) -- The head of the International Monetary Fund says global economic growth is likely to be weaker than earlier expected and will remain at moderate levels.
IMF Managing Director Christine Lagarde said Asia is still expected to lead global growth, but the pace is slowing with a risk of possibly sagging further because of recent financial market volatility.
Speaking today in a lecture at the University of Indonesia, Lagarde said the global economic situation will have a significant impact on developing countries, including Indonesia.
Lagarde, who is on a two-day visit to Indonesia, met today with Indonesia's president and discussed the global economic situation.
Indonesian officials and the IMF's senior resident representative are denying speculation that Indonesia is seeking loans from the IMF.
BERLIN (AP) -- Germany's labor minister says the country's economy has room to accommodate refugees, but the government will need to spend billions of extra euros (dollars) to cover language courses, benefits and their integration into the labor market.
Labor Minister Andrea Nahles' comments come after official data underlined the strength of Europe's biggest economy, showing the national unemployment rate at 6.4 percent in August. That compares with higher jobless rates in many other European countries, topping 20 percent in Greece and Spain.
Nahles says, "Additional workers are needed in many areas of the German economy." She says, "We want to use this situation to open up the opportunity for the refugees who have come to us legitimately of a new and better life in Germany."
LISBON, Portugal (AP) -- Portugal is having trouble selling Novo Banco, the so-called good bank salvaged from last year's collapse of major lender Banco Espirito Santo.
The Bank of Portugal said Tuesday it had missed its own Aug. 31 deadline for the sale after failing to reach agreement with a potential buyer, which it didn't identify.
The central bank said in a statement it was starting talks with another bidder, also unnamed. It said a third bid remains on the table.
Novo Banco received 4.9 billion euros ($5.5 billion) from a so-called bank resolution fund, a mechanism adopted during the eurozone debt crisis to support the financial sector.
The Portuguese Treasury provided 3.9 billion euros of that, with other Portuguese banks providing the rest, and those lenders want to recoup their money.
CHESAPEAKE, Va. (AP) -- Dollar Tree Inc. (DLTR) is reporting a fiscal second-quarter loss of $98 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Chesapeake, Virginia-based company says it loss of 46 cents. Earnings, adjusted for costs related to mergers and acquisitions, were 25 cents per share.
SUBWAY SPOKESMAN-FOUNDATION CHIEF
INDIANAPOLIS (AP) -- An attorney says the former director of a foundation created by ex-Subway spokesman Jared Fogle will plead guilty to child pornography charges.
Russell Taylor was charged in May with seven counts of production of child pornography and one count of possession of child pornography.
His attorney, Brad Banks, tells Fox59 in Indianapolis that they "anticipate the filing of a guilty plea in the near future."
Taylor led the Jared Foundation, which raises awareness and money to fight childhood obesity. Taylor is in federal custody.
Fogle is also expected to plead guilty at a hearing in November. He faces federal charges of distribution and receipt of child pornography and traveling to engage in illicit sexual conduct with a minor. He's has been released on home detention.
Hats from the HeartShow your support for breast cancer patients in our community.
The Human RaceCheck out videos on The Human Race here!
Side RoadsTake a ride with Brian Smith to explore the unique people and places to be found along the Sideroads of the NewsChannel 9 viewing area.
The Good LifeCelebrating the events, adventures and activities that represent "The Good Life" in the NewsChannel 9 viewing area.
Closings and DelaysThese are the latest School and Business Closings reported to NewsChannel 9. If you see errors or need to add a school or business, call 423-757-7320.
Educator of the WeekView the 2015 Tennessee Lottery Educator of the Week!
Deaf & Hard of HearingInformation provided to NewsChannel 9 by members of the Deaf and Hard of Hearing Community.
Sponsored EventsCheck Back Often for NewsChannel9 Sponsored Events!