The new Apple iPhone 5 will hit Indian markets on October 26, as revealed at the Apple service centres by a reliable source. The source also reported that the 32 GB model will be priced Rs 50,000 and the 16 GB model will have a price tag of approximately Rs 45,000.
There was no clear information from the source about the 64 GB model, but it may cost around Rs 56,000. Apple will release the new iPhone 5 on its own in India instead of trusting its carrier partners. There is no information about the exact number of units that will be released initially as Apple is facing supply limitation globally.
We hope that the new iPhone will be available in more markets unlike the previous models, which were not available everywhere.
The new faster, thinner and lighter iPhone 5 was announced last month by Apple. The new smartphone has a 4 inch IPS Retina screen with a resolution of 1136 x 640 pixels. It is packed with Apple 1GHz dual-core A6 chip, triple core graphics and runs on iOS 6.
The new iPhone sports completely new design with an aluminium-made back panel and the top and bottom of the panel has glass strips. It also supports LTE networks for selected markets, but Indian market will not be among them.
The new iPhone comes with an 8 megapixel camera with 5 element glass comprising of a hybrid IR filter and Sapphire lens cover with a panorama mode and a dynamic low-light mode. A front facing camera, which can indulge 720p HD worktime videos, is also featured in the smartphone.
Due to the fluctuations in the Dollar rate, the price of the new iPhone 5 is still a mystery. It is likely to be priced closer to the price of iPhone 4S. The estimated price of the new iPhone is to start around Rs 48,000.
Network operators in India started keeping the nano SIM cards stock for sale. Sashi Shankar, Chief Marketing Officer, Idea Cellular said two weeks before that the company has kept a stock of nano SIM cards and is eagerly waiting for the official announcement of the new iPhone 5.
We are hoping that the new smartphone will gain some good response from the Indian customers initially. We will also see how the smartphone gets along with the Galaxy S III smartphone’s quad core processor.
Top 3 Gainers: Zynga (NASDAQ:ZNGA), Eros International (NYSE:EROS), Borqs Technologies’ (BRQS)
Zynga (NASDAQ:ZNGA) is up 2.5% after Benchmark reiterated its Buy rating in a look-ahead at Q2 earnings. The firm’s expecting a beat and solid guidance for Q3, and it’s raising its guidance for the fiscal year.
Tailwinds from the pandemic won’t dissipate easily, Benchmark suggests, and the videogame maker’s acquisition of Peak (and with it new “forever franchises” in Toon Blast and Toy Blast) will drive audience, bookings, margins and free cash flow, it says. The firm has an $11 price target, now implying 14% upside.
Eros International (NYSE:EROS) is up 5.8% today, making up the last week’s lost ground, after news that its streaming service Eros Now is partnering with Sony India (SNE +2.3%).
That will mean Eros Now’s app is pre-installed on selected Sony smart televisions in India, along with availability on a large base of existing models (Bravia E series and newer).
The country over the past year has seen a 25% growth in demand for smart TVs, fueled by overall industry growth of 15%, to a record 15M units/year.
Borqs Technologies’ (BRQS) personal safety tracker sees strong market with increased orders from the electronics retail chain in the US.
The boost in product demand comes ahead coronavirus pandemic that provides company to expect delivery of 250K units this year. It reflects over 3x the volume delivered in 2019, the year of its launch.
Borqs’ mobile personal safety devices designed particularly for senior citizens come with panic button, location tracking, and fall detection.
Tesla, Inc. (TSLA): US agencies investigate fatal Tesla Model 3 crash in Florida
American safety officials are looking into the circumstances surrounding another fatal Tesla, Inc. (TSLA) crash. Both the NTSB and the NHTSA have confirmed that they’re investigating a collision between a Model 3 and a semi truck in Delray Beach, Florida on March 1st. According to the police report, the truck was turning left to enter a main thoroughfare when the Model 3 crashed into the semi’s trailer, shearing off the car’s roof and killing the driver. It’s not certain if Autopilot was active, although the Model 3 kept traveling for more than 500 yards before coming to a stop.
Tesla said in a statement that it was “deeply saddened” about the collision and was “reaching out” to authorities to cooperate. The NTSB added that it typically takes one to two years to complete investigations like this.
This certainly isn’t the first time US safety agencies have investigated Tesla crashes to determine the possible role of Autopilot. However, there are unusually close parallels to a deadly incident from May 2016, when a Model S driver in Florida struck a trailer. His vehicle had Autopilot engaged and also kept going a significant distance after the crash, although investigators cleared Tesla and noted that the driver in that case ignored safety warnings. While the particular circumstances are different, it wouldn’t be out of the question for agents to compare the two cases.
Amazon (NASDAQ:AMZN), Qualcomm (NASDAQ:QCOM) Are In News On Monday
Evercore raises its Amazon (NASDAQ:AMZN) price target from $1,800 to $1,965 saying that gross profit has become a “more important indicator” than Y/Y revenue growth.
Key quote: “As such, we remain bullish on AMZN at least in part because the company’s gross profit is expected to grow ~400bps faster than revenue for AMZN over the next 3 years.”
Amazon shares are up 0.9% pre-market to $1,686.
Qualcomm (NASDAQ:QCOM) alleges in a San Diego federal court that Apple (NASDAQ:AAPL) violated three of its patents and asks for tens of millions of dollars in damages.
Qualcomm has filed a series of patent actions against Apple around the world that will conclude before the antitrust trial starting in April, which will hear Apple’s challenge to QCOM’s business model.
U.S. District Judge Dana Sabraw will open an eight-day trial today deciding whether Apple violated Qualcomm’s patents with its iPhones that contain Intel (NASDAQ:INTC) chips.
Qualcomm shares are up 0.8% pre-market to $54.65.
Apple shares are up 0.5% to $175.88.