Heading into the two-hour-long event in the Steve Jobs Theater on the Apple Park campus in Cupertino, Calif., the conventional wisdom on Wall Street has been that this would be an off year for the iPhone. The world would largely ignore the iPhone 11, while awaiting the first Apple phones to use the 5G wireless standard, which are widely expected to debut a year from now. Investors already have been fretting about slowing iPhone sales and have been focused instead on the ability of Apple (ticker: AAPL) to drive revenue growth in other parts of its business, in particular via peripheral devices (AirPods and Apple Watches) and services like Apple Card, iCloud, and Apple Music.
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