Apple launched iPhone 7 and 7 plus in San Francisco at an Apple event

United States: Apple Inc, is US-based multinational technology company, widely known for its iPhones.

Apple added two new versions of the iPhone to its product line, iPhone7 and iPhone7Plus. Both the phones are available in different screen sizes, wherein iPhone7 has a screen size of 4.7inches and iPhone 7plus with a screen size of 5.5 inches.

Both, the Apple 7 series phones are water and dust resistant. iPhone 7 plus has a pressure sensitive home button plus the cameras have been upgraded with a dual lens system which allow the user to click long range pictures. The earbuds could now be connected to the phones charging port as the headphone jack is removed. In context to the battery life, both these models have an extended battery life in comparison to iPhone6. The storage capacity of the phones is 32GB, 128GB and 256GB and a 64-bit core processor.

The Apple Watch Series 2 is enabled with GPS connectivity, and a high speed processor plus water resistant. The company also introduced a set of wireless headphones called AirPods which consist infrared sensors that detects the device and plays the music when these are in ear. The headphones have a W1 (wireless) chip that allows you to connect the headphones to any Apple device along with a microphone for a hands free call.

TechSci Research depicts that the focus of the MNC’s such as Apple, to introduce innovative and easy to use products adds to the overall technology ecosystem. This not only allows the company to expand its product portfolio, but helps in gaining a competitive edge over the other existing players.

According to the recently published report by TechSci Research “Global LTE Consumer Devices Market Forecast and Opportunities, 2020”, global market for LTE consumer devices projected to grow at a CAGR of more than 26% during 2015 - 2020. Rising adoption of LTE technology in emerging economies, increasing number of new LTE enabled registered devices, such as cameras and other wearable devices, mounting Machine-to-Machine connections, Internet of Things (IoT) and declining global average selling prices of LTE devices is projected to propel growth in global LTE consumer devices market through 2020. Samsung and Apple are expected to continue their market domination; however, their respective market shares are expected to decline over the course of next five years.