Apple debuts a pay-later service and promises iPhone updates

The roughly two-hour presentation was full of new options, although there have been few bombshells for traders. The shares have been little modified following the bulletins, closing at $146.14 on Monday.

With Apple’s shares down 18% this yr — and issues mounting that the economic system is headed for a recession — the electronics behemoth is underneath added strain to generate buzz for software program that may run on a brand new lineup of devices debuting later in 2022. Apple makes use of the annual convention in a bid to set itself other than rivals reminiscent of Samsung Electronics Co., Alphabet’s Inc.’s Google and Amazon.com Inc.

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