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Updated on: September 9, 2026 / 1:47 PM EDT / CBS News

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Apple unveiled its latest iPhones on Wednesday at its annual fall showcase, with new CEO John Ternus stepping into the spotlight after succeeding longtime leader Tim Cook earlier this month.

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The event, dubbed "Surprise and Shine" by Apple, started at 1 p.m. ET at its Cupertino, California, headquarters.

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The showcase can be streamed at Apple's events page or at the company's YouTube page.

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Apple kicked off the event by introducing the iPhone 18, the latest iteration of its smartphone. Compared with earlier generations, the iPhone 18 is higher priced due in part to a global shortage of memory chips, with the iPhone 18 Pro starting at $1,199. The iPhone 17's price ranges from $799 to $1,999, depending on the model.

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Ternus said the new iPhone 18 will integrate more AI capabilities and stressed that Apple will maintain users' privacy, with Apple Intelligence — its AI application — running only on the device when possible. If it needs additional computing power, it will run on private cloud computing resources, he added.

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"When greater capability is needed, private cloud compute extends that same level of privacy protection, ensuring that nobody…

Original source: https://www.cbsnews.com/moneywatch/

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