• The iPhone through the ages: Former Apple CEO Steve Jobs introduces the iPhone to the world in San Francisco, California, on January 9, 2007. It had a 3.5-inch screen and 2MP camera. Reuters
    The iPhone through the ages: Former Apple CEO Steve Jobs introduces the iPhone to the world in San Francisco, California, on January 9, 2007. It had a 3.5-inch screen and 2MP camera. Reuters
  • The iPhone 3G was launched in 2008 with a faster 3G connection. It also added location services. Reuters
    The iPhone 3G was launched in 2008 with a faster 3G connection. It also added location services. Reuters
  • The iPhone 3GS was released on June 19, 2009. It was twice as fast as its previous version. AFP
    The iPhone 3GS was released on June 19, 2009. It was twice as fast as its previous version. AFP
  • The iPhone 4 was released on June 24, 2010. It featured FaceTime for the first occasion as well as a retina screen. Reuters
    The iPhone 4 was released on June 24, 2010. It featured FaceTime for the first occasion as well as a retina screen. Reuters
  • A later release, this time on October 14, 2011, the iPhone 4S had a new dual-core processor. Reuters
    A later release, this time on October 14, 2011, the iPhone 4S had a new dual-core processor. Reuters
  • Apple CEO Tim Cook takes to the stage following the reveal of the iPhone 5 in San Francisco, California, on September 12, 2012. This was the first 4-inch screen and the phone was faster and slimmer. Reuters
    Apple CEO Tim Cook takes to the stage following the reveal of the iPhone 5 in San Francisco, California, on September 12, 2012. This was the first 4-inch screen and the phone was faster and slimmer. Reuters
  • The iPhone 5C arrived on September 20, 2013 and was less expensive and very similar to the iPhone 5 except it came with colourful casing. Getty Images
    The iPhone 5C arrived on September 20, 2013 and was less expensive and very similar to the iPhone 5 except it came with colourful casing. Getty Images
  • The iPhone 5s came at the same time as the 5C and introduced touch ID and a motion data processor as health and fitness apps started to come to the fore. Getty Images
    The iPhone 5s came at the same time as the 5C and introduced touch ID and a motion data processor as health and fitness apps started to come to the fore. Getty Images
  • The iPhone 6 marked another double launch when unveiled on September 9, 2014. The 6 had a 4.7-inch screen, faster processor and improved camera. AFP
    The iPhone 6 marked another double launch when unveiled on September 9, 2014. The 6 had a 4.7-inch screen, faster processor and improved camera. AFP
  • The iPhone 6 Plus had a 5.5-inch screen and was $100 more expensive. Reuters
    The iPhone 6 Plus had a 5.5-inch screen and was $100 more expensive. Reuters
  • The iPhone 6s came on September 25, 2015 with 3D touch and a camera that could shoot 4K video. EPA
    The iPhone 6s came on September 25, 2015 with 3D touch and a camera that could shoot 4K video. EPA
  • The iPhone 6s Plus is displayed at Tokyo's flagship store on September 25, 2015. Both new phones came in a new colour - rose gold. AFP
    The iPhone 6s Plus is displayed at Tokyo's flagship store on September 25, 2015. Both new phones came in a new colour - rose gold. AFP
  • Unveiled on March 21, 2016, the iPhone SE had the same design as the iPhone 5 and saw a return to the 4-inch screen which was preferred by some users. It was more affordable and hence lacked features such as Touch ID. AFP
    Unveiled on March 21, 2016, the iPhone SE had the same design as the iPhone 5 and saw a return to the 4-inch screen which was preferred by some users. It was more affordable and hence lacked features such as Touch ID. AFP
  • The iPhone 7 announced on September 7, 2016, said somewhat controversially goodbye to the audio jack. Reuters
    The iPhone 7 announced on September 7, 2016, said somewhat controversially goodbye to the audio jack. Reuters
  • The iPhone 7 Plus had a dual camera added. AFP
    The iPhone 7 Plus had a dual camera added. AFP
  • The iPhone 8 was released on September 22, 2017 and had a new glass and aluminium design, retina HD screen. Reuters
    The iPhone 8 was released on September 22, 2017 and had a new glass and aluminium design, retina HD screen. Reuters
  • A customer gets his hands on an iPhone 8 Plus on launch day in Tokyo on September 22, 2017. The launches also saw speakers that were 25% louder and the most powerful and smartest chip in a smartphone (according to Apple). AFP
    A customer gets his hands on an iPhone 8 Plus on launch day in Tokyo on September 22, 2017. The launches also saw speakers that were 25% louder and the most powerful and smartest chip in a smartphone (according to Apple). AFP
  • The iPhone X marked a decade of iPhones on September 12, 2017. It's main changes were an edge-to-edge super retina screen. Touch ID was removed with Face ID introduced. Reuters
    The iPhone X marked a decade of iPhones on September 12, 2017. It's main changes were an edge-to-edge super retina screen. Touch ID was removed with Face ID introduced. Reuters
  • The iPhone XS was released on September 21, 2018 and had a Super Retina OLED screen with improved scratch and water resistance. Face ID was faster. Reuters
    The iPhone XS was released on September 21, 2018 and had a Super Retina OLED screen with improved scratch and water resistance. Face ID was faster. Reuters
  • The iPhone XS Max had the largest iPhone screen to date at 6.5 inches. It could handle 3 million pixels. Reuters
    The iPhone XS Max had the largest iPhone screen to date at 6.5 inches. It could handle 3 million pixels. Reuters
  • The iPhone XR was slightly cheaper than the XS and came with a 6.1-inch screen. AFP
    The iPhone XR was slightly cheaper than the XS and came with a 6.1-inch screen. AFP
  • A customer looks at the iPhone 11 at an Apple store in Dubai Mall on September 20, 2019. EPA
    A customer looks at the iPhone 11 at an Apple store in Dubai Mall on September 20, 2019. EPA
  • A man tries out the iPhone 11 Pro in Cupertino, California, on September 10, 2019. AFP
    A man tries out the iPhone 11 Pro in Cupertino, California, on September 10, 2019. AFP
  • Midnight Green was introduced for the iPhone 11 Pro Max, while there was also a new three-camera system. Reuters
    Midnight Green was introduced for the iPhone 11 Pro Max, while there was also a new three-camera system. Reuters
  • Arriving on April 15, 2020, the iPhone SE was for budget-minded customers and was pretty much a replica of the iPhone 8. Its 4.7-inch screen felt rather on the small side compared to the big screens of its big brothers. Apple Inc. / AFP
    Arriving on April 15, 2020, the iPhone SE was for budget-minded customers and was pretty much a replica of the iPhone 8. Its 4.7-inch screen felt rather on the small side compared to the big screens of its big brothers. Apple Inc. / AFP
  • The iPhone 12 on October 13, 2020 introduced a new processor and a screen that offered four times better protection if dropped. Apple / AFP
    The iPhone 12 on October 13, 2020 introduced a new processor and a screen that offered four times better protection if dropped. Apple / AFP
  • The iPhone 12 mini offered a 5.4-inch screen. Getty Images
    The iPhone 12 mini offered a 5.4-inch screen. Getty Images
  • Mr Cook showcases the iPhone 12 Pro during an event at Apple Park in Cupertino, California, on October 13, 2020. This upgrade saw a faster chip, 5G speed, a "camera system that’s killer in low light. A LiDAR Scanner for more realistic AR. And two great sizes to choose from — including our largest display ever". Apple / EPA
    Mr Cook showcases the iPhone 12 Pro during an event at Apple Park in Cupertino, California, on October 13, 2020. This upgrade saw a faster chip, 5G speed, a "camera system that’s killer in low light. A LiDAR Scanner for more realistic AR. And two great sizes to choose from — including our largest display ever". Apple / EPA
  • The iPhone 12 Pro Max was categorised as a 'legacy phone'. Reuters
    The iPhone 12 Pro Max was categorised as a 'legacy phone'. Reuters
  • The new iPhone 13 was unveiled on September 14, 2021. It has a smart data mode which helps battery life, more 5G bands and antenna lines that use material made from recycled plastic water bottles. AFP
    The new iPhone 13 was unveiled on September 14, 2021. It has a smart data mode which helps battery life, more 5G bands and antenna lines that use material made from recycled plastic water bottles. AFP
  • Apple CEO Tim Cook showcasing the third generation iPhone SE featuring 5G and the A15 Bionic chip on March 8, 2022. EPA
    Apple CEO Tim Cook showcasing the third generation iPhone SE featuring 5G and the A15 Bionic chip on March 8, 2022. EPA
  • The Apple iPhone 14, 14 Plus, Pro Max and the Apple iPhone 14 Pro were unveiled during an event on September 7, 2022. It didn’t raise its US prices during one of the worst years for inflation in decades. The biggest addition was emergency calling after a car crash. Bloomberg
    The Apple iPhone 14, 14 Plus, Pro Max and the Apple iPhone 14 Pro were unveiled during an event on September 7, 2022. It didn’t raise its US prices during one of the worst years for inflation in decades. The biggest addition was emergency calling after a car crash. Bloomberg

Business

Technology

iPhone SE 3: Apple’s first event of 2022 to be on March 8

It is expected to unveil new iPhone SE, a redesigned iPad Air and a Mac with the company’s own chip

Alkesh Sharma
Alkesh Sharma

March 02, 2022

  • English
  • Arabic

Apple announced that it will hold its first event of the year on Tuesday, March 8, at the Steve Jobs Theatre on the Apple Park campus in Cupertino, California.

Owing to the pandemic, the event will be online only, the company said on Wednesday.

“Peek performance. March 8th. See you there,” Greg Joswiak, its senior vice president of marketing, said on Twitter.

Apple launched its newest iPhone 13 series, Apple Watch 7 and new iPads in September. It did not disclose which products it would release on Tuesday.

But the company is rumoured to be unveiling the next-generation version of one of its cheapest smartphones, iPhone SE, as well as a redesigned iPad Air and a Mac with Apple’s own silicon chip.

The new phone will be the first major update to the iPhone SE model in two years. It is expected to come with 5G network capabilities, and an improved processor and cameras.

The company is expected to hold its annual Worldwide Developers Conference in June, at which it typically announces software updates for the iPhone, iPad, Mac and Apple Watch.

How to watch Apple’s event

Apple’s event will start at 10pm UAE time on Tuesday. Viewers can tune in at apple.com

It will also be streamed on YouTube and through the Apple TV application for the iPhone, iPad and Mac.

  • Apple’s new waterfront store at The Galleria Al Maryah Island, in Abu Dhabi. Photos: Khushnum Bhandari / The National
    Apple’s new waterfront store at The Galleria Al Maryah Island, in Abu Dhabi. Photos: Khushnum Bhandari / The National
  • The store sells colourful accessories to match its many devices
    The store sells colourful accessories to match its many devices
  • A customer browses the displays
    A customer browses the displays
  • A wide variety of products is sold at the new store
    A wide variety of products is sold at the new store
  • A wide variety of products is sold at the new store
    A wide variety of products is sold at the new store
  • Apple’s new store at Galleria on Al Maryah Island.
    Apple’s new store at Galleria on Al Maryah Island.
  • A wide range of products for sale at the new Apple store on Al Maryah Island.
    A wide range of products for sale at the new Apple store on Al Maryah Island.
  • Apple’s new waterfront store at The Galleria Al Maryah Island
    Apple’s new waterfront store at The Galleria Al Maryah Island
  • The exterior of the new Apple store at The Galleria Al Maryah Island
    The exterior of the new Apple store at The Galleria Al Maryah Island

Despite supply chain challenges, Apple posted record quarterly sales and net profit in the holiday quarter that ended on December 25.

Net profit rose by 20 per cent on last year's figure, to about $35 billion. It was up by about 68 per cent from the preceding quarter.

Revenue rose 11.2 per cent a year to more than $123.9bn during the quarter, exceeding analysts’ estimates of $118.6bn.

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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While you're here
On Women's Day
Company%C2%A0profile
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RESULTS

6.30pm UAE 1000 Guineas Trial Conditions (TB) US$100,000 (Dirt) 1,400m

Winner Final Song, Christophe Soumillon (jockey), Saeed bin Suroor (trainer).

7.05pm Handicap (TB) $135,000 (Turf) 1,000m

Winner Almanaara, Dane O’Neill, Doug Watson.

7.40pm Handicap (TB) $175,000 (D) 1,900m

Winner Grand Argentier, Brett Doyle, Doug Watson.

8.15pm Meydan Challenge Listed Handicap (TB) $175,000 (T) 1,400m

Winner Major Partnership, Patrick Cosgrave, Saeed bin Suroor.

8.50pm Dubai Stakes Group 3 (TB) $200,000 (D) 1,200m

Winner Gladiator King, Mickael Barzalona, Satish Seemar.

9.25pm Dubai Racing Club Classic Listed Handicap (TB) $175,000 (T) 2,410m

Winner Universal Order, Richard Mullen, David Simcock.

ONCE UPON A TIME IN GAZA

Starring: Nader Abd Alhay, Majd Eid, Ramzi Maqdisi

Directors: Tarzan and Arab Nasser

Rating: 4.5/5

GRAN%20TURISMO
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Updated: March 07, 2022, 5:47 AM
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