Apple Unveils Two New ‘iPhones’, ‘Mobile Payment Platform’, ‘Smartwatch’

Apple unveiled the iPhone 6 and iPhone 6 Plus Tuesday, as well as a new mobile payments platform called ApplePay. “Today, we are launching the biggest advancement in the history of iPhone,”. 

Apple CEO Tim Cook said at an event in Cupertino, Calif. “They are without a doubt the best iPhones we’ve ever done.” Apple said iOS 8 will be available Sept. 17 to customers who have an iPhone 4S, iPhone 5, iPhone 5C or iPhone 5S. Both iPhones will be available Sept. 19 in the States and eight other countries. Pre-orders will begin on Friday. The 16 GB iPhone 6 will be available for $199. The 64 GB version will cost $299; $399 will get you 128 GB. The iPhone 6 Plus will start at $299. Apple will also discount the iPhone 5S and iPhone 5C by $100. 

The iPhone 5S will maintain its aluminum casing — it won’t get the iPhone 5C’s plastic treatment. While the ApplePay,  a new mobile payments platform which only works with the new iPhones. Using a technology called “near field communications,” or NFC, the new iPhones will be able to interact with payment terminals in a simple tap. Apple has deals in place with the major credit card companies, including American Express (AXP), MasterCard (MA) and Visa (V), as well as several major retailers. Apple touted ApplePay’s security. 

The company said it doesn’t store your credit card information on your phone — and the number isn’t even given to the merchant. ApplePay also works with the iPhone’s TouchID sensor — allowing people to pay with a swipe of their fingertips. Apple also said ApplePay is convenient. It already has your credit card information and address associated with your iPhone account — when you pay for something, you can just touch the TouchID sensor and have items shipped to you. 

“Our ambition is to replace this,” said Cook, holding a wallet. The company separately introduced Watch, its much-anticipated foray into the wearables market.  

Source: Today NG

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