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Apple is set to unveil a new iPhone with a host of improvements aimed at winning back customers lost to low-cost rivals, according to people familiar with the product. The device will be available in two sizes, with a starting price of about $649, and include an upgraded camera system and a faster processor. Apple is also expected to announce a new iPad Pro model with a mini LED display. apple us covid19relatedgurmanbloomberg

Apple is the latest company to be hit by the Covid-19 pandemic. The company has announced that it will be closing all of its stores in the United States until further notice. This comes as a result of the growing number of cases of the virus in the country. apple us covid19relatedgurmanbloomberg

Apple is not the only company to be affected by the outbreak. Several other major companies, such as Google and Amazon, have also announced closures of their own.

Apple Inc. is expected to report its second consecutive quarter of record iPhone sales on Wednesday, driven by strong demand for its newest models and the COVID-19 pandemic that has spurred people to upgrade their devices.

The Cupertino, California-based company is expected to post quarterly revenue of $64.5 billion, up from $52.58 billion a year ago, according to analysts surveyed by Refinitiv. That would mark Apple’s best second quarter ever.

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