Apple iPhones get bigger and pricier; Watch turns to health

CUPERTINO, CALIFORNIA (Sept 12): Apple Inc introduced its largest-ever iPhone and a watch that detects heart problems on Wednesday in an attempt to get customers to upgrade to more expensive devices in the face of stagnant global demand for smartphones.

The relatively small changes to its lineup, following last year’s overhauled iPhone X, were widely expected by investors, who sent the company’s shares down 1.2% to US$221.07.

The strategy has been successful, helping Apple’s stock up more than 30% this year and making it the first publicly traded US company to hit a market value of more than US$1 trillion.

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