⚡️Here is the headline you did not read after the Apple Event:
‘Apple pushes its price points up again’

⚡️Yes, the big story from the Apple event has to be how Apple has once again pushed up the price points of its new flagship phones. This has been Apple’s great success in the past few years: pushing up the price point of its iPhones even as it sells more and increases its margins.

⚡️Apple’s success comes from its understanding that smartphones are now the most essential commodity for a lot of its users across the world. This means they have very limited price elasticity, at least for those users. These customers will buy it a higher price as they are convinced of the value it brings to.

The Indian Express. 

⚡️Apple officially introduced its 2018 line-up of iPhones — the premium iPhone XS, iPhone XS Max and iPhone XR at an event in California late on Wednesday.

⚡️The iPhone XS and iPhone XS Max will support dual SIM and dual standby functionality.

⚡️The premium iPhone XS and XS Max come with upgraded 12MP + 12MP camera and 2x optical zoom. There is an improved TrueTone quad-LED flash as well. Both the models have a 7MP RGB camera sensor in the front with F/2.2 aperture while the iPhone XR has a single 12MP camera at the rear.

⚡️The iPhone XS and iPhone XS Max would be available in 64GB, 256GB and 512GB storage variants in space grey, silver and a new gold colour starting at Rs 99,900 and Rs 1,09,900, respectively through Apple authorised resellers in India.

The News Minute. 

⚡️As five nuns of the Missionaries of Jesus continue their protest against Franco Mulakal, the bishop of Jalandhar, it is learnt that various Kerala Church authorities have sent directions to all major congregation superiors to issue internal circulars and assure that no other nun joins or expresses their support to the protest.

⚡️TNM accessed a circular issued by one of the prominent congregations in Kerala – the Congregation of the Mother of Carmel (CMC). In the circular signed by Sr Suby, the Superior General of the congregation, CMC asks the nuns not to participate in the protest against the Bishop.

The News Minute. 

⚡️86 debut actors. A sleepy village. And four love stories. The heart-warming tale of C/O Kancherapalam is director Venkatesh Maha’s first in creating a one of its kind Indie movie for the Telugu audience. While Kancherapalam has been whole-heartedly embraced by the audience and the trade alike, Maha says it’s only the beginning of a wave of change in the industry.

⚡️“Now that Kancherapalam is here, we are definitely going to see more of such films that will change the face of Tollywood among the global audience,” Maha tells TNM.

The News Minute. 

⚡️Around 10 days ago, a warden at the prison was caught with ganja hidden in his innerwear when he reported for duty. He was smuggling it to give to a Pakistan spy _ a NIA suspect _ lodged there, for a premium price. The warden has now been placed under suspension.

⚡️Photographs from a seized mobile phone provided proof of the sheer luxury afforded to certain prisoners.

⚡️Investigations revealed that prisoners could purchase all sorts of comforts _ food, clothes, cosmetics, phones _ at a very high price.

DtNext.

⚡️Embattled liquor tycoon Vijay Mallya said Wednesday he met the Finance Minister before leaving India.

⚡️London:
The 62-year-old former Kingfisher Airline boss, who arrived to appear before the Westminster Magistrates’ Court in London, told reporters that he had met the minister and offered to settle the issue with the banks.

⚡️”I left India because I had a scheduled meeting in Geneva. Before leaving I met the finance minister and offered to settle (the issue with the banks), Mallya said, without naming the minister.

DtNext.

⚡️Apple is sitting pretty as the world’s largest premium smartphone seller, maybe the only one left. The allure of that spot, where lower volumes in the coming years might not mean a fall in revenue, is so much that you see more budget brands are looking that side with $1000 smartphones. Don’t expect Apple to squander its advantage so fast.

⚡️Thomas Husson of Forrester Research is of the opinion that Apple masters the art and science of managing the lifecycle of its products. “The new line-up of iPhones is likely to do just that: Apple will expand the iPhone X design and naming across its phone portfolio, with more sizes, colours and price points,” he said in a mailed response to indianexpress.com. “Don’t expect massively disruptive new features, but a smart pricing repositioning around an enhanced iPhone X, enabling Apple to increase the overall average selling price of its smartphone lineup, including for the rumoured 6.1-inch LCD smartphone,” he added.

The Indian Express. 

⚡️One of India’s most wanted in a Rs 13,000 crore bank fraud case, Mehul Choksi, who fled the country in January, has blamed the government for the uncertain future he says his 6,000 employees and shareholders are facing. Speaking on camera for the second time from Antigua, where he has been living, Mehul Choksi said he had been living in “terror” just because of a “wrong complaint” filed earlier.

 

⚡️New Delhi: Congress President Rahul Gandhi on Monday reached Rajghat to participate in the nationwide shutdown protest or ‘Bharat Bandh’ called by the party against rising fuel prices.

⚡️This was Gandhi’s first public appearance since he returned from Kailash Mansarovar yatra. He had embarked on the yatra on August 31.

⚡️The CBI, on Thursday, arrested four persons in connection with the Tamil Nadu gutkha scam. Promoters of Jayam Industries AV Madhavrao and Uma Shankar Gupta, Dr Senthil Murugan of the Food Safety and Standards Authority of India (FSSAI) and NK Pandian, Superintendent in the Central Excise Department were the ones were arrested by the CBI officers.

⚡️The arrests come a day after the investigating agency conducted extensive raids in around 35 locations — including Chennai, Thoothukudi, Bengaluru, Mumbai and Guntur — on Wednesday. Among those who were raided were the sitting TN Director General of Police (DGP) TK Rajendran, the ex-DGP S George, Health Minister C Vijayabasker, former Milk and Dairy Development Minister BV Ramanaa. The raids which began at 7.30 am on Wednesday lasted till evening.

Source: The News Minute.