(Bloomberg) -- Apple Inc. has set Sept. 12 for its most significant new product announcement in years.
The company plans to introduce three new iPhone models, a version of its Apple TV set-top-box that can stream higher-quality, and a new version of the Apple Watch that can connect to LTE cellular data networks, Bloomberg has reported.
The event will be the first at the new Apple Park campus in Cupertino, California, the company said. It will take place in a theater named for company co-founder Steve Jobs.
The invitation to media reads: “Let's meet at our place,” referring to the event's location.
Apple plans to announce successors to the iPhone 7 and iPhone 7 Plus as well as a new premium model made from stainless steel and glass, according to people familiar with the plans. The new design will include an edge-to-edge OLED screen, a 3-D facial recognition sensor to unlock the phone, improved cameras to better support augmented reality apps, and gesture controls instead of a home button.
Hear how a crisis almost derailed the original iPhone on Bloomberg's Decrypted podcast
The iPhone is Apple's most important product, generating about two-thirds of sales. The company had almost 15 percent of the smartphone market in the first quarter of this year, behind Samsung Electronics Co. with 23 percent, according to research firm IDC.
To contact the reporters on this story: Mark Gurman in San Francisco at mgurman1@bloomberg.net, Alex Webb in San Francisco at awebb25@bloomberg.net.
To contact the editors responsible for this story: Tom Giles at tgiles5@bloomberg.net, Andrew Pollack, Alistair Barr
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
