Saudi Retailer Sees Boost From IPhones After Third-Quarter Surge

Saudi Retailer Sees Boost From IPhones After Third-Quarter Surge

United Electronics Co.'s third-quarter profit doubled as consumers spent more on electronics amid the coronavirus pandemic, and the Saudi Arabian retailer said Apple Inc.'s new iPhone could be a potential “breakthrough” later in the year.Apple's biggest product launch event of the year will be held Oct. 13. The company plans to reveal four redesigned iPhones with 5G wireless capability, upgraded cameras, faster processors and a wider range of screen sizes, Bloomberg News has reported.