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Disney & Netflix Stocks Plummet After Apple+ Unveils $4.99 Price

11 September 2019

While not almost as unsightly as some early mock-ups suggested, the dual rear cameras are noticeably larger and encased in a big square with rounded corners.

The iPhone 11's front-facing camera has also been given some significant upgrades. No, but the new camera upgrades might be enough to make you forget about the bump.

The new iPhone 11 will have two back cameras, including an ultra wide-angle lens and the next generation of microchips, the A13.

As the world's most popular camera, Apple set out to make the iPhone 11 camera better than ever. It can create videos with all three back cameras and the front camera at the same time.

The iPhones 11 Pro and 11 Pro Max, revealed during a press event on Tuesday, will hit the United States market priced at $999 [£809] and $1,099, the same price as their predecessors, the iPhones XS and XS Max.

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The iPhone 11 Pro is available in two screen sizes - the 5.8-inch Pro and 6.5-inch Pro Max.

Apple CEO Tim Cook did not have much new to say about the TV service beyond its pricing and service date, although he did show a trailer for a new Jason Momoa-led series called "See".

Apple kicked off the product event with a look at its upcoming gaming service. Apple TV+'s low price point is obviously meant to compete with Disney+, which will cost $6.99 per month and launches november 12.

Likely priced at about $US16-17 per month, HBO Max will offer a library of HBO hits such as Game of Thrones, Friends and The Sopranos, as well as original content.

Counterpoint analyst Neil Shah said the entry price, while lowered by Apple, remains high compared to local rivals. Cook revealed the price for their highly anticipated streaming service, Apple+.

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Apple is the latest entry to the crowded video subscription market, with each new service stretching the limits of just how many monthly plans people are willing to pay for. "Clearly, that was a positive that people were happy to hear". The Cupertino, Calif. company is estimated, by researchers IDC and Canalys, to be shedding millions of unit sales each quarter relative to its prior-year performance, and that problem is also manifesting in China, its biggest market after the U.S. That's despite multiple rounds of price adjustments, according to IDC.

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In a not wholly unexpected turn of events, the Netflix (NFLX) and Roku (ROKU) share prices both dropped 2.16% and 10%, respectively, in response to Apple's aggresive expansion into the fast-crowding streaming market. Starting that day, anyone who can access the Apple TV app on their devices can begin subscribing for $4.99/month.

"This is why we are offering the new iPhone for just $699", she added.

"Coupled with a smart pricing for the new and old iPhone ranges, I believe this will enable Apple to maintain its premium brand and continue to grow its installed base of devices", Husson told IANS. A last-minute leak, however, said Apple wasn't happy with it and could have scrapped the project.

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Disney & Netflix Stocks Plummet After Apple+ Unveils $4.99 Price