First Impressions After Going Hands-On With New Apple Products
*By Hope King*
CUPERTINO, Calif. ーThe big takeaways for Apple's iPhone [event](https://cheddar.com/videos/apple-unveils-3-new-iphones-higher-prices) this year? Price and color matter, and the Apple Watch may finally be a must-have.
When Apple released the iPhone X last year, critics said it would be too expensive for customers, with a base price of $999.
Now, the priciest iPhone, the new XS Max, comes with a base price of $1,099 and will set you back $1,449 with the maximum available capacity of 512 gigs.
At its much-anticipated annual fall event, Apple announced three new iPhone X devices: an iPhone XS, XS Max, and XR, all with the edge-to-edge display and Face ID that once differentiated the X model.
Overall, the phones look and feel quite similar ー but again, the biggest differences are price and color.
With the iPhone XS Max starting at $1,099, Apple is selling its largest iPhone ever with a 6.5-inch screen. Compare that to the iPhone XS at 5.8-inch screen for a $999 starting price, and the iPhone XR with a 6.1-inch screen for $749. That's more than the base price for the original iPhone 8 when it was released last year. Now a $749 price tag is the "bargain" option.
To make the iPhone XR even more appealing, Apple introduced several vibrant colors unique to the model. There is a coral, pink, yellow, and blue version in addition to the classic black, white, and PRODUCT(RED) iterations.
What Apple seems to be saying here is, "We've got a phone for everyone." And that's likely a welcome message for investors, who worry about a smartphone market that is slowing down.
In addition, Apple will continue to sell the iPhone 8, starting at $599 and the iPhone 7, starting at $449.
One quick thing about the Apple Watch Series 4: I think Apple finally may have built a smartwatch that I've been waiting for.
The new models sport a larger screen and haptic feedback in the digital crown, both of which make scrolling around on the small device somewhat easier. Apple also added an electrocardiogram feature, which earned FDA approval. It's a game-changer that transforms the watch from a mobile device into a medical one. Good luck, Fitbit.
Okay, the stuff of business settled. Onto the event itself.
From my vantage point covering the event from the "Spaceship," a.k.a. Apple's headquarters, many more journalists than last year were present.
All the mainstream U.S. networks ー ABC, CBS, NBC, CNN, Fox Business, Bloomberg, CNBC ー were with us on the risers; the press center was filled with digital outlets from all around the world, and the demo area was swarmed (as it always is) with familiar faces from the YouTube tech scene.
I spotted [Marques Brownlee](https://www.youtube.com/user/marquesbrownlee) and iJustine, just to name two.
I asked Brownlee what impressed him most (and least). Unsurprisingly ー at least to those who know and follow him ー Brownlee said he loved the iPhone XR in red and was a little mixed about the coral. Shrug.
I didn't get a chance to talk to iJustine but she, like many others, was glued to the gold Apple Watch and iPhone XS. There's just something about the color that resembles liquid gold.
All in all, compared to last year's event, Wednesday's announcement felt very different, mostly because this was an "S" year ー an in-between year for big model and design changes.
But if Apple can replicate the success of the iPhone X with more related devices, I think X marks the spot.
Stocks closed lower on the last trading day of 2021, but all three major indexes ended the year with double-digit growth. The S&P 500, in particular, marked its third straight positive year. What's in store for 2022 amid the Federal Reserve's plans to speed up asset tapering and raise interest rates, and how could COVID-19 continue to impact stocks? Steve Sosnick, Chief Strategist at Interactive Brokers, joins Cheddar News' Closing Bell to discuss movement on the last trading day of 2021, market predictions for 2022, and more.
As the pandemic continues to evolve, and cases of the omicron variant increase, how will this impact economic growth and movement in the new year? Consumer behavior continues to shift, labor issues linger, and questions about whether the pandemic will eventually become endemic are on economists' minds as we enter 2022. Jason Ware, Economist & Chief Investment Officer at Albion Financial Group, joins Cheddar News' Closing Bell to discuss.
Mike Draper, Founder and Owner of Raygun, joins Cheddar News' Closing Bell, where he discusses how increases to the minimum wage in several states next year will help his company and explains why he advocates for it nationally.
The push to regulate the gig worker economy is gaining steam as the share of workers who participate in freelancing through businesses like Uber and Lyft have also exponentially grown during the pandemic. Employment attorney Mark Kluger, founding partner at Kluger Healey, LLC, joined Cheddar to break down how the battle to reclassify gig workers will continue in the new year, and why the issue continues to generate conflict. "More and more workers are using gig work as their primary source of income and as a result of that they are not like employees in the sense that they don't have benefits like health insurance," Kluger noted.
Renewable energy company Heliogen has gone public via a SPAC merger with blank check company Athena Technology Acquisition Corp. on the NYSE. Joining Cheddar, founder and CEO Bill Gross went into why he felt the end of 2021 was the best time to get into the public markets. "If you think of the Industrial Revolution and the digital revolution, this renewable revolution is probably going to be as big or larger than that," he said. "So we're going to use this capital to scale our business, to meet more customer demand, to do more projects in parallel, and to scale our research and development to continue to drive down the price to be competitive with fossil fuels."
Carl "The Moon" Runefelt, a Bitcoin investment expert, recently made a hefty purchase of a $2 million Bugatti sports car at a Dubai dealership. The Swedish crypto evangelist joined Cheddar to talk about how he made the big acquisition of a luxury item he had long had his eye on and why he chose the dealership, The Car Vault, to make the unprecedented transaction. "They accepted crypto directly, and that was important to me," he said. "I am not going to go to any car dealership that don't accept crypto, and that's kind of a principle I have today."
Marjorie Mesidor, Partner at Phillips & Associates, joined Wake Up With Cheddar to break down the latest trends in the job market, as the demand for labor has recovered, but as the number of people willing to fill positions remains relatively low.
2021 proved that crypto currency is here to stay. This year saw more and more adoptions of crypto, from top athletes looking to be paid in bitcoin, to Elon Musk even experimenting with bitcoin and dogecoin payments for a bit over at Tesla. And it wasn't all bitcoin either - other cryptos like Cardano and Solana saw some action in 2021 as well. Patrick McConlogue, CEO of Overline and former Citadel Investment Group Engineer explains why 2021 was such a good year for crypto, and what to expect in 2022.