Apple's 'Glowtime' event: What to expect from the iPhone 16 reveal & how will it affect the share price
Apple’s event this evening is expected to unveil a new iPhone model with AI integration, along with other developments.
Apple sets the stage for its annual showcase
Apple is gearing up for its highly anticipated autumn event, dubbed "Glowtime," scheduled for 9 September. The tech giant is expected to unveil a range of new products and software updates, with the iPhone 16 lineup taking centre stage. This article explores the key announcements and innovations we're likely to see during the event.
How to watch the 'Glowtime' keynote
Apple fans and tech enthusiasts can tune into the event through various channels:
- Apple's official website
- YouTube livestream
- Apple TV app
The colourful event invite, featuring an Apple logo with overlapping hues, hints at the continuation of discussions around Apple Intelligence, the company's suite of AI features introduced at WWDC in June.
iPhone 16: A leap forward in AI and camera technology?
Apple Intelligence takes the spotlight
The iPhone 16 lineup is expected to be the first to come pre-loaded with Apple Intelligence, showcasing advanced AI capabilities like an enhanced Siri, AI-powered writing tools, and ChatGPT integration.
Camera innovations capture attention
Rumours suggest significant camera improvements for the iPhone 16 series:
- Larger image sensors across the board
- A new physical camera button with gesture recognition
- 5x optical zoom for the base iPhone 16 Pro model
- Potential 48-megapixel ultrawide cameras for Pro models
- Vertically stacked cameras on base models for spatial video capture
Performance and design updates
The new iPhones may feature:
- Thinner bezels and larger screens on some models
- Next-generation A18 chipsets, with Pro versions possibly getting an A18 Bionic Pro
iOS 18: The next evolution of iPhone software
Apple is expected to announce the public release of iOS 18, which will bring:
- Customisable home and lock screens
- An updated Control Centre
- RCS messaging support for improved communication with Android users
The "Glowtime" branding may be a nod to new Siri features, potentially including a glowing border activation effect.
Apple Watch Series X: Marking a decade of wearable innovation
A new naming convention and design overhaul
Following the iPhone X naming strategy, Apple may introduce the Apple Watch Series X (or 10) to commemorate its 10th generation. Potential updates include:
- A thinner design
- Larger screen size options (up to 45mm and 49mm)
- New health features, including sleep apnoea detection
- Magnetic band attachment mechanism
Expanding the Watch lineup
Apple is also expected to refresh its entire Watch range with new Apple Watch SE and Ultra 3 models.
AirPods: Dual release and over-ear updates
Two new AirPods models on the horizon
Apple may unveil two new AirPods variants:
- Redesigned look with shorter stems
- USB-C charging support
- Active noise cancellation in the higher-end model
Potential AirPods Max refresh
While not confirmed for this event, an update to the AirPods Max could include:
- USB-C charging support
- New colour options
Apple stock price – technical analysis:
The Apple share price, even though still up around 19% year-to-date (YTD), looks to be under pressure. The fact that the late August $232.92 high fell short of its $237.23 July record high, coupled with last week’s 4% sell-off, is making some investors nervous.
Apple daily candlesticks chart
Technically speaking, a fall through last week’s low at $217.48 would indeed have negative implications and not only put the 24 June low at $206.59 but probably also the psychological $200.00 mark on the plate.
The early August low at $196.00 is the line in the sand for the long-term bulls as a fall through this low and the 200-day simple moving average (SMA) at $194.77 would be considered as the nail in the coffin of the bull trend. In such a scenario a decline to the May and October 2023 lows and the April 2024 low may be at hand.
A rise and daily chart close above last week’s high at $232.92, however, would firmly place the odds with the bulls and probably lead to new record highs being made with the minor psychological $250.00 mark representing a possible upside target.
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