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Apple to debut three new iPhone models in the autumn: WSJ

Barbara Kollmeyer

Apple Inc. plans to push out three new iPhone models this autumn, according to sources cited by The Wall Street Journal on Friday. The report comes more than a week after Chief Executive Officer Tim Cook lowered the company's revenue forecast amid slowing iPhone sales and pressure in China. The news triggered a sharp fall in Apple shares and wider losses for stock markets. One of the phones will be a followup to the less-expensive XR iPhone with a liquid-crystal display that has proven tougher to sell. J.Com and Suning, two major Apple resellers in China, slashed prices of the iPhone 8, the 8 Plus and XR Friday, owing to weak sales, The Financial Times reported. Apple shares rose 0.4% in thin premarket trading on Friday.