Apple To Launch New Iphone

Today the giant tech company will host reporters and analysts at its Silicon Valley headquarters for a product launch event. CEO Tim Cook is expected to show off some new additions to the current family of iPhone and iPad devices at Monday's gathering.

Several analysts expect the company will introduce an upgrade to its older, four-inch iPhone 5S — aimed at consumers who haven't sprung for the bigger-screen iPhone 6 models that Apple introduced over the last two years.

The new phone may come with features like Apple Pay and the company's fastest processor, which have previously been offered only on versions of the iPhone 6.

Analysts and tech blogs say Apple also may unveil a new model of the iPad Pro, which the company introduced last year with several features — like a detachable keyboard and stylus — designed for business users.

The smaller phone might also draw some additional users into the market for Apple's online services, including Apple Music, Apple Pay and the highly profitable mobile App Store.

Even with new features, analysts say the 4-inch iPhone should sell at a lower price than the larger models, which list at $549 or more. Many analysts expect Apple will release a more dramatically revamped new iPhone 7 in the fall.

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