The new phone will also be lighter and thinner than previous versions. The iPhone 5 will retail for $199-$399 with a 2 year contract with a service provider. In addition to the iPhone 5, Apple announced a new line of iPods. Updates to iTunes were also unveiled, users will now be able to share photos via Apple’s iCloud.
Coming up tomorrow, markets are looking to the FOMC meeting announcement and forecasts as well as Bernanke’s press conference. Bernanke is expected to announce another round of quantitative easing. The recent poor employment numbers support Bernanke’s case that the economy is struggling. However the upcoming presidential election complicates the upcoming Fed decision. Any position that Bernanke takes will likely be viewed as politically motivated. A new jobless claims report is also scheduled to be released tomorrow.
James Ramelli B.S. in Finance from UIUC. Email: james@KeeneOnTheMarket.com Follow: @Jim_KOTM
