• Apple unveiled a cheaper HomePod mini during its iPhone event Tuesday as expected.
  • The spherical speaker will be priced at $99 and comes in space gray and white.
  • The new smart speaker comes after Apple has fielded criticism for not releasing a HomePod at a more affordable price.
  • The original HomePod also wasn’t compatible with third-party music services like Spotify — the company said Tuesday that the HomePod mini will eventually be able to play content from Pandora and Amazon Music.
  • Visit Business Insider’s homepage for more stories.

Apple’s Tuesday event was expected to focus mostly on the company’s iPhone 12 launch, but the first release out of the door was that of a new HomePod smart speaker, which was expected to make an appearance.

At $99, it’s a cheaper alternative to Apple’s HomePod, which was priced at $350 when it first launched.

The new, Siri-enabled device features a spherical

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apple smart phone iphone 11 pro

Crystal Cox/Business Insider

  • Apple reduced the price of the iPhone 11 from $699 down to $599 after the company announced the new iPhone 12 series.
  • That’s a great deal for the iPhone 11 — still an excellent smartphone with a powerful processor, excellent and versatile camera system, and a piece of the unrivalled Apple ecosystem.
  • Sure, it’s tempting to go for the iPhone 12 series, which starts at $699 with the iPhone 12 Mini, but it’s not a fair comparison. The standard $799 iPhone 12 is a better comparison for price, as it has the same screen size as the iPhone 11. 
  • At the end of the day, the iPhone 12 series are just iPhones, just like the iPhone 11.

Apple lowered the price of the iPhone 11 down to $599 after it announced

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Here are five things you must know for Tuesday, Oct. 13:

a man standing in front of a building talking on a cell phone: Amazon, J&J, Apple and JPMorgan - 5 Things You Must Know Tuesday

© TheStreet
Amazon, J&J, Apple and JPMorgan – 5 Things You Must Know Tuesday

1. — Stock Futures Waver After J&J Vaccine Trial Pause

Stock futures fluctuated Tuesday following a setback in a coronavirus vaccine trial being conducted by Johnson & Johnson and as Wall Street prepared for the start of earnings season.


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Contracts linked to the Dow Jones Industrial Average fell 149 points, S&P 500 futures slipped 7 points and Nasdaq futures rose 96 points.

Johnson & Johnson paused its trial of a vaccine for Covid-19, the disease caused by the coronavirus, following an unexplained illness in a patient.

The healthcare giant said the trial participant’s illness was being reviewed and evaluated.

“We are committed to providing transparent updates throughout the clinical development process of our vaccine candidate, in compliance with regulatory standards and our own

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A federal judge in California on Friday ruled in an injunction request that Apple Inc could bar Epic Games’s “Fortnite” game from its App Store but must not harm Epic’s developer tools business, which includes the “Unreal Engine” software used by hundreds of other video games.

“The Court maintains its findings from the temporary restraining order and hereby grants in part and denies in part Epic Games’ motion for a preliminary injunction,” District Judge Yvonne Gonzalez Rogers ruled.

Epic Games and Apple were not immediately available for comment on the ruling.

Last month, Epic Games had filed for a preliminary injunction that would put its game back in the App Store and restore its developer account after the iPhone maker terminated Epic Games’ account on its App Store.

Epic sued Apple in August, claiming that the company’s 30% commission on some in-app purchases made through its App Store, combined with

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Apple Inc. is set to embrace 5G as one of its most significant additions to this years iPhones, but the technology is still not ready for the masses in the U.S.

That’s because the country’s three largest wireless carriers, Verizon Communications Inc., AT&T Inc. and T-Mobile US Inc., have yet to roll out 5G in a way that provides consistently higher data speeds or widespread coverage. If these companies do not dramatically upgrade their networks soon, many consumers buying the latest iPhones could find this year’s premier feature underwhelming.

The addition of 5G will be a key talking point at Tuesday’s iPhone event, underscored by Apple’s tagline: Hi, Speed. The new wireless technology lets phones download data from a cellular connection many times faster than 4G LTE, the current standard — but 5G coverage remains scarce in many advanced markets.

Phone makers, including Samsung Electronics Co., started rolling out phones

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  • Apple is holding a big event on October 13, and its new iPhone 12 lineup is expected to be the main attraction.
  • It’s shaping up to be a major launch for Apple, as some analysts say this could be the company’s biggest upgrade cycle in years.
  • Several other products are rumored to be in Apple’s pipeline, but this event is expected to squarely focus on the iPhone.
  • The one exception may be the introduction of a cheaper new HomePod speaker. 
  • Visit Business Insider’s homepage for more stories.

Apple announced two new Apple Watches last month, but it’s far from being finished when it comes to new product launches for the year.

The company is holding an event on October 13, where it’s widely expected to unveil four new iPhones and possibly a new HomePod.

The iPhone 12 launch is expected to be the main attraction during Apple’s big event. Apple

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  • Apple’s iOS 14 update brings a new feature called spatial audio to the AirPods Pro.
  • Spatial audio gives the AirPods Pro a surround sound effect, making audio feel more open and immersive.
  • The AirPods Pro can track your head movements, making it possible to adjust the audio accordingly as you move.
  • It’s available on iPhone 7 or later and on certain iPad models.
  • Visit Business Insider’s homepage for more stories.

Apple’s iOS 14 update didn’t just bring improvements to the iPhone — it’s introduced a couple of new features for AirPods as well.

Most notably, AirPods Pro owners will now be able to take advantage of a new feature called spatial audio. As its name implies, spatial audio creates an effect that makes it feel like the sound is coming from a surround sound speaker rather than from your AirPods. The result is a more immersive sound that adjusts automatically

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  • Apple’s iPhone and iPad App Store doesn’t allow subscription-based gaming services like Microsoft’s Xbox Game Pass and Google’s Stadia. 
  • The reason, according to former Apple App Store director Phil Shoemaker, is because “apps that compete against Apple’s services have a track record of problems getting through the App Store’s review process,” a new House antitrust report said. 
  • Shoemaker pointed to Apple Arcade, Apple’s subscription-based gaming service, as a primary reason other game subscription services aren’t available for iPhone and iPad users. 
  • “Apple’s gaming service, Apple Arcade, is a type of app that was ‘consistently disallowed from the store,’ when offered by third-party developers,” the report said, “but Apple allowed its own app in the store ‘even though it violates existing [App Store] guidelines.’”
  • Apple maintains that any game on a subscription service is subject to the same App Store approval process that an individual game would go through. 
  • Visit Business
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Apple has sent out an invite to a ‘special Apple event’ to be held on October 13 where it is expected to launch its next iPhone, likely to be called iPhone 12.

The tech giant has not provided any further details on the invite which simply reads, “Hi, Speed.”

The special Apple event will be hosted from Apple Park and will be streamlined online on Apple’s website at 10:30 pm IST.

According to reports, the ‘Hi, Speed’ written on the invite can point to faster speeds with 5G connectivity. Apple’s upcoming iPhone will be the first phone from the brand to support 5G connectivity.

It is also expected to have a faster A14 processor and a better refresh rate, the Indian Express reported.

Apple Watch

Apple, last month, had organised an online event where it had launched the new Apple Watch Series 6 and a new iPad Air. However, it

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  • Apple is suing a Canadian recycling company that it says resold upward of 100,000 iPhones, iPads, and Apple Watches instead of breaking them down.
  • The recycling company says that theft of the devices was carried out by three “rogue” employees and that it wasn’t aware of it.
  • Apple is unconvinced by the defense, arguing in its suit that “GEEP’s officers and directors knew or ought to have known about the scheme.”
  • Visit Business Insider’s homepage for more stories.

Apple is suing a Canadian recycling company that it accuses of reselling upward of 100,000 iPhones, iPads, and Apple watches.

The suit, reported by The Logic on Wednesday, was filed in January against the Ontario-based recycling firm Global Electric Electronic Processing, which Apple contracted in 2014 to break down its products. 

Apple noticed the missing devices after an audit of a warehouse indicated devices were being taken to parts of the building

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