New iPhones come as phone sales slow down
CUPERTINO, Calif. - Apple's new iPhones come as smartphone sales are slowing worldwide, given that many people already own one.
But researchers at IDC say that iPhone sales are growing faster than those of Android phones. IDC expects iPhone shipments to grow by 16 percent this year, while it estimates Android phones will grow only 10 percent.
During a presentation Wednesday in San Francisco, Apple introduced new iPhone models with faster processors and a new feature called 3D Touch, which allows easy access to frequent tasks by holding down on an icon. For instance, it'll be possible to update a Facebook status right from the home screen.
Android still dominates overall, with iPhones making up only about 15 percent of smartphones sold around the world. But Apple's phones tend to be more profitable. Rivals like Samsung and HTC sell many lower-cost phones that carry lower profit margins.
IDC recently lowered its overall forecast for smartphone shipments in 2015, saying once-hot markets like China are becoming "mature," meaning many people already have phones. Apple has seen strong growth in China, however, and CEO Tim Cook has touted the company's opportunities there.