Apple’s stock fell by 3.5% following the highly anticipated product launch event. The company announced new iPhone models, but failed to impress investors with lack of groundbreaking features. Analysts attribute the drop to concerns over slowing iPhone sales and increasing competition in the tech market.

New COVID-19 Variant Detected in South Africa

A new COVID-19 variant, named B.1.1.529, has been identified in South Africa. Health officials are closely monitoring the situation as the variant has a high number of mutations and may impact vaccine effectiveness. Travel restrictions and increased testing are being implemented to prevent further spread.

Amazon Announces Black Friday Deals

Amazon has released its Black Friday deals, offering discounts on a wide range of products including electronics, home goods, and fashion items. The online retailer is also promoting its fast shipping options for holiday shopping. Customers are encouraged to shop early to secure the best deals.

Read more at Dow Jones & Company: Apple Stock Drops After Event