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Apple expected to announce new iPhone at October 13th event

Apple is expected to announce the new iPhone at its October 13th event. Yahoo Finance's On the Move panel discusses.

Video Transcript

JULIE HYMAN: Wanted to bring you an update on Apple and its iPhone introduction event, or what is presumed to be its iPhone introduction event. October 13 is now the date that the company has given for that event. We've been watching Apple today, as well as some audio equipment makers, and that's after a report that said Apple had pulled competing earphones from its selling channels stores, websites, et cetera. Things like Sonos products, Beats products, et cetera. So we are seeing shares of those companies, like Sonos, on the decline today. Again, October 13 is the date we might get some new product announcements.