Apple set to reveal iPhone 14, new Apple Watch at ‘Far Out’ event

At its September launch event on Wednesday, Apple is expected to unveil a slew of new products, ranging from new smartwatches to updated AirPods.

But, if the rest of the company's end-of-summer product launches are any indication, the upgraded iPhones will get the most attention.

It comes as no surprise. The iPhone is the most profitable product line for the company.

According to Counterpoint Research data, iPhones now account for more than half of all smartphones used in the United States, surpassing Android phones.

According to Bloomberg and TF Securities International analyst Ming-Chi Kuo, Apple's "mini" line of smaller iPhones, which debuted around two years ago, may be phased out entirely.

Instead, a larger iPhone 14 Plus with a 6.7-inch screen may join the new (and standard-sized) iPhone 14.

A larger version of the regular iPhone 14 may be especially appealing to people who want a big screen "without having to pay more for the extra bells and whistles."

According to the Wall Street Journal, the new iPhone 14 and its larger sibling will use a "improved" version of the existing A15 Bionic chipset found in iPhone 13 models.

Apple is also expected to unveil new models of its popular smartwatches and wireless earbuds.

According to Ross Young, CEO of Display Supply Chain Consultants, the Apple Watch Series 8 may have a slightly larger screen and sensors to help it measure a wearer's temperature and blood pressure.

The company is also expected to unveil a tougher "Pro" version of the Apple Watch.

iPhone 14 Pro Purple First Look