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Apple shares slump post-iPhone 5S and iPhone 5C launch

The iPhone 5C and iPhone 5S hasn’t stopped the Apple shares from tumbling in the US.

Although there are still a fair few hours to go until the American stock markets close, Apple stock prices have still taken a visible dip after tonight’s event.

Analysts are suggesting that there is disappointment surrounding the iPhone 5C price, which is retailing in the UK for £469 and £549 for the 16GB and 32GB models respectively.

The iPhone 5C was anticipated to be aimed at the budget-conscious consumer and emerging markets like China. So much so that the C in 5C was rumoured to stand for China at one point.

Despite its high price, analysts predict that the iPhone 5C’s new colourful plastic bodies and distinct design will help sell the smartphone regardless.

“Consumers in the upper reaches of the smartphone mid-market are increasingly looking to distinctive devices of their own, and are not happy to accept castoffs or dumbed-down versions of former flagships,” said Tony Cripps, principal device analyst at Ovum. “Colour variations and a clear design of its own is a good way to do this.”

Based on the iPhone 5, the iPhone 5C has the A6 processor, 8-megapixel rear camera and the same battery. It boosts the front-facing camera to 1.9-megapixels though.

This lower-cost iPhone complements the flagship iPhone 5S with its over 50 per cent fast A7 processor, improved camera sensor and brand new fingerprint scanner.

Both iPhones will be available from September 20, with the iPhone 5S retailing for £549 for the 16GB model. Opting for 32GB or 64GB will set you back £629 and £709 respectively.

Next, read our iPhone 5C vs iPhone 5S comparison.

Via: Yahoo Finance