March 11, 2016 7:43 pm | Updated 5 years ago.
Apple Inc invited reporters for an event at its Cupertino, California headquarters on March 21, 2016 most probably to unveil the new, smaller iPhone.
World’s most reputed technology company is known to reveals new products at this kind of events. It is also being taken into consideration that Apple will update its flagship iPhone and iPad products soon.
According to few Wall Street analysts, the company might use the event to launch a four-inch (10-cm) screen phone, reintroducing the smaller size after enlarging screens with the iPhone 6 and 6 Plus in 2014.
In the past couple of weeks Apple shares have risen as Wall Street bets that the company will launch a low priced iPhone this month to improve sales in developing countries like China.
As U.S. consumers upgrade their smartphones less often, manufacturers have been focusing and depending on China for growth.
Date of Publication: March 11, 2016