Apple Said to Launch 3 iPhone Models This Year

Apple Inc. is planning to release three new iPhone models this year, including a device to succeed the newly-created XR model, the Wall Street Journal reported, citing unidentified people familiar with the matter.

Apple will include a high-end model in its line-up that features three cameras on its back, up from the current two, in addition to a pair of less expensive alternatives, the newspaper said.

The new devices will be expected by shareholders to reverse the disappointing sales that led Apple to cut its sales outlook for the first time in almost two decades on lower-than-anticipated demand in China and elsewhere. The flagship iPhone product earns Apple about two-thirds of its revenue, and allows the company to generate more money from attached products like Apple Watches, AirPods, and services like Apple Music.