Apple announces AirTags for lost items, slim iMacs in new colors
Apple Inc (AAPL.O) announced a line of slim iMac computers, with a focus on connectivity for a work-from-home world, that uses its own processor chips, continuing its migration away from Intel.
The company also showed off an array of products including AirTags to find lost items and podcast subscription services. AirTags will cost $29 each or four for $99, while the iMac will start at $1,299. Both will be available starting 8 a.m. ET (1200 GMT) on April 30.
Apple introduced a thinner version of its iMac computer that uses its house-designed central processor unit and comes in seven colors, including purple and green. With a 24-inch (61-cm) display, the iMacs are just 11.5 millimeters thick.
The new iMacs also feature a higher quality front-facing camera and microphone array, responding to complaints from consumers during the pandemic that the computer’s cameras had not kept pace with the company’s iPhones and iPads during an era of pervasive video calls.
The company also announced podcast subscription services that will compete with rival Spotify (SPOT.N). Subscription prices will be set by creators and billed monthly, Apple said. Apple will charge creators $19.99 per year for its podcast program.
Apple also updated its Apple TV set top box with better color output and a faster processor chip. The new Apple TV 4K will also let users improve a TV’s picture by using light sensors on the iPhone.
Apple said that spouses and partners would be able to share and merge credit lines with its Apple Card, which CEO Tim Cook described as an important step toward making it easier for people to build their credit scores.
Apple shares have risen nearly 95% over the past year, faster than the 63% rise in the Nasdaq Composite Index (.IXIC), thanks to a record $274.5 billion in sales for fiscal 2020 as consumers stocked up on electronics during the pandemic. Apple shares were down 1%.
Macs and iPads accounted for $52.3 billion during its fiscal 2020.