Apple shares up before expected products launch
San Francisco March 21 (IANS) Driven by a series of rumoured new products launch this week Apple shares on Monday surged one per cent to hit an all-time high of $141.46.
According to media reports Apple is expected to unveil the new iPad Pro lineup a larger iPhone SE model with 128GB storage and new Apple Watch bands this week.
Company shares received another bump in late February when financial guru Warren Buffet s Berkshire Hathaway quadrupled its investment in Apple to more than 57 million shares at the end of 2016 appleinsider.com reported on Monday.
The new 10.5-inch iPad Pro will not include Home button and is also rumoured to have a higher-resolution display and quad microphones.
The updated 12.9-inch iPad Pro is expected to feature a 12MP rear camera and True Tone display using advanced four-channel ambient light sensors to automatically adapt the colour and intensity of the display to match the light in the surrounding environment.
The company is also planning to introduce a new connector type for accessories for the iPhone iPad and other devices through its official Made-for-iPhone (MFi) licensing programme.
Called Ultra Accessory Connector (UAC) the eight-pin connector is slightly less thick than USB-C and near half as wide as both USB-C and Lightning.
--IANS
anuj/na/vt
