PALO ALTO, U.S. -- For the first time in its history, Apple cut the price of its latest generation of iPhones that were unveiled on Tuesday, in a move some analysts believe is a bid to increase sales amid weak demand for handsets.
The iPhone 11 -- which comes with a better dual-camera, six new colors, a new A13 Bionic chip which Apple says is the "fastest CPU and GPU ever in a smartphone," and an hour longer battery life -- will start at $699, $50 cheaper than the iPhone XR which was released last year.
