Shares of Apple (NASDAQ: AAPL) rose on Wednesday after the tech giant announced a slate of new products. As of 3:10 p.m. ET, Apple's stock price was up more than 3%.
Apple's "Peak Performance" virtual event was highlighted by the debut of a new budget-priced iPhone. The newest version of the iPhone SE will feature 5G capability, a faster processor, and an upgraded camera. It will be priced as low as $429, compared to other iPhone models that sell for between $699 and $1,099.
The iPhone SE. Image source: Apple.
Source Fool.com