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Apple unveils iPhone 12, its first 5G handset, from $699

Video platforms in China cancel planned streaming of launch event at last minute

The new iPhone 12s will have U.S. and non-U.S. versions. (Photo: Business Wire)

PALO ALTO, U.S. -- Apple announced its long-awaited first iPhones using 5G technology Tuesday, keeping the starting price at their predecessors' initial $699 to offset weaker consumer demand due to the COVID-19 pandemic.

The iPhone 12 line boasts a better dual camera, comes in five new colors, runs on what Apple calls "the fastest chip in a smartphone," and includes a tougher screen less likely to crack. The base price matches what the company's most popular smartphone, the iPhone 11, started at upon its release last year.

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