Apple loses up to $81 billion in market value as it unveils the iPhone 12 range | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN

Apple loses up to $81 billion in market value as it unveils the iPhone 12 range | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN

California

Shares of tech giant Apple fell up to 4% on Tuesday as the company unveiled its latest iPhones. It is the company's first 5G-enabled range of phones, split across four new models.

Apple dropped $ 81 billion from its market cap at the intraday low of $ 119.65 per share.

The iPhone 12 will be available in a size of 6.1 inches and as a 5.4-inch version as the iPhone 12 mini. The premium iPhone 12 Pro is sold in sizes 6.1 inches and 6.7 inches. The new phones will also have longer-lasting screens, improved cameras, and a faster processor the company said.