Apple revealed its revamped iPhone and Watch, but the announcement didn't help the stock. Bobbi Rebell reports.
The latest iPhone number 7 will be water and dust-resistant, and boasts zooming 12-megapixel camera. The "Plus" edition will have two cameras. Unveiled at a big event in San Francisco, one thing it does not have - an analog headphone jack - a push to wireless devices, including Apple's new Air Pods, which come out in late October. For those not ready to detach: Apple has new headphones that come with the phone, but fit into the charging port. Max Wolff of Manhattan Venture Partners. (SOUNDBITE) MAX WOLFF, CHIEF ECONOMIST, MANHATTAN VENTURE PARTNERS, (ENGLISH) SAYING: "Better battery, faster chips, sleeker phone. We don't have any problem seeing them sell 45 to fifty million phones in the next three months." But investors weren't thrilled. The stock traded in negative territory even after the announcement. Jane Barratt runs investment firm Goldbean. (SOUNDBITE) JANE BARRATT, FOUNDER & CEO, GOLDBEAN, (ENGLISH) SAYING: "Apple has been a great long-term play. And I think that it is a proof of having a long-time vision for the company. They continue to have incredible talent, incredible vision, and the best, amazing execution. So, it's not necessarily you should run out and buy it today, but, if you are an Apple shareholder, you should be pretty happy." Apple also revamped the Watch with a swim-proof casing, faster processor, and GPS chip enabling users to track runs and other workouts without their phones along with a Nike partnership. And of interest to millions of fans - a new Pokemon Go feature. The new iPhone and Watch will be available on line and in stores on September 16th.