Apple shares tumble

Apple shares fell 5.4 per cent to $US467 in New York after the US tech giant's unveiling of two new iPhones failed to allay concerns over a loss of momentum in the smartphone market. Analysts say the new devices are unlikely to be a hit in emerging markets, and Apple has failed to bring down prices enough to attract many new customers.

Apple shares fell 5.4 per cent to $US467 in New York after the US tech giant's unveiling of two new iPhones failed to allay concerns over a loss of momentum in the smartphone market. Analysts say the new devices are unlikely to be a hit in emerging markets, and Apple has failed to bring down prices enough to attract many new customers.