Apple developing 3 new iPhones for fall release

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"We think the three new iPhones in 2H19F will likely have the same form factors (body size and displays) as the 2H18 iPhone XR, XS, and XS Max, with some added AR [augmented reality]-related features", Lee wrote in a research note.

Last year, Apple released the most expensive iPhone in its history.

According to the publication, Apple has been developing a new LCD iPhone for several months and a switch would likely prove too costly. Samsung Electronics (005930.Korea), for example, has a four-rear-camera phone meant to give more tools for telephoto and wide-angle shooters, as well as those who need "normal" lenses.

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Top chain Suning Commerce Group Ltd. promoted a 128GB iPhone XR for 5,799 yuan ($860) on Friday, 17 percent cheaper than the price on Apple's own website. "Beefing up functional value, like expanding camera features, isn't attractive because everyone else is doing the exact same thing".

Looking ahead to 2020, Apple apparently might ditch LCD altogether.

Apple has a big year ahead of itself.

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In addition to an iPhone XR successor, Apple is also making two devices with OLED displays. "It would also hurt core users that just bought these devices at the original prices".

Increased competition from local phone producers in China, where Apple makes 20 per cent of its total revenue, have hit the company's ability to keep growing in the market, chief executive Tim Cook told shareholders last week.

"Since we began shipping the iPhone XR", Cook said, "it has been the most popular iPhone every day, every single day, from-when we started shipping, until now".

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The Cupertino, California-based company has made a decision to stick to liquid-crystal display (LCD) at a time when sluggish sales of iPhone XR cut into its most recent revenue projection, the report said, citing people familiar with the matter. "Or, Apple might be under pressure to clean out its stock of iPhones", he said. It's possible that Haptic Touch will extend to all iPhone models if Apple gets rid of 3D Touch entirely.

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