Shares fall 6% after iPhones launch

Apple shares fell 6% in trading the day after the company’s latest iPhones launch.

Observers say the firm is “at pains to stress its quality and power”, experts said as the tech giant introduced two new iPhones in an apparent bid to claim ground from its rivals.

But others suggested the tech giant’s decision to introduce a budget device “could well be the trump card needed to trounce Android’s hand”.