iPhone 15, Birkenstock IPO filing, Smurfit Kappa-WestRock deal: Top stories
Apple (AAPL) announced its iPhone 15 lineup, including the iPhone 15 Plus and the iPhone 15 Pro, as well as the Apple Watch Series 9 and Ultra 2. The iPhone 15 starts at $799 and the 15 Pro starts at $999. One of the changes for the new iPhone 15 will be the use of the USB-C connector instead of the lightening cable.
Birkenstock files for its initial public offering. The company will be trading on the New York Stock Exchange, under the symbol BIRK.
Smurfit Kappa (SK3.IR) is acquiring WestRock (WRK) in a $11 billion deal. This acquisition will create the world’s biggest paper and packaging company with a combined market value of about $20 billion.
Yahoo Finance Live breaks down some of the top stories of the day.
Video Transcript
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JULIE HYMAN: It's closing time here at Yahoo Finance. Here's a look at some of the top stories of the day. Apple making it official, unveiling its iPhone 15 lineup. One of the biggest changes, a new charger. Apple abandoning the lightning cable and it's switching to USB-C.
The iPhone 15 and iPhone 15 Plus, they'll start with a $799 price tag. That's the same as it was a year ago. It also unveiled the iPhone 15 Pro and Pro Max starting at $999. Another key announcement was the next generation of Apple Watch.
And Birkenstock filing for its initial public offering. The footwear company seeking a valuation between $7 and $8 billion. For pricing of the IPO, we'll find that out at a later date. The company will trade on the New York Stock Exchange under the symbol BIRK, B-I-R-K.
And a major deal in the packaging sector. Ireland Smurfit Kappa acquiring WestRock, which is based in the US, for $11 billion. Together, the companies have a market value of about $20 billion. This will create the world's biggest paper and packaging company at a time when demand is weakening and prices are falling.
