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Apple to launch three iPhones with the new camera features of this year: WSJ

(Reuters) – Apple Inc’s launch of three iPhone models this year with a few new camera features, including three cameras on the back for the most expensive model and two for the other models, the Wall Street Journal reported on Friday.

The new iPhones will succeed in the XR model that is shown sluggish demand, which according to Apple was due to weak sales in China.

That led a number of electronics retailers in the world’s second largest economy to slash iPhone prices this week.

Apple was not available for comment outside regular business hours.

The Cupertino, California-based company has decided to hold on to liquid-crystal display (LCD) at a time with a lagging sales of the iPhone XR cut in her most recent revenue projection, the report said, citing people familiar with the matter.

Last week, Apple released its first sales warning in almost 12 years, sending the shares down 10 percent, the biggest intra-day fall in six years.

Apple is planning to go with an LCD model, if the device is in the production pipeline for months, the report said.

However, for 2020, Apple will fully switch to the organic light-emitting diode, or OLED, display for iPhones, making the full removal of the LCD model, the report said.

Shares of the company was nearly flat in premarket trade.

Reporting by Gaurika Juneja and Vibhuti Sharma in Bengaluru; Editing by James Emmanuel and Arun Koyyur

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