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What to expect from Apple's Sept. 7 event: new iPhones with pressure-sensitive home buttons, 5.5-inch model with dual-camera system, new Watch with GPS, more

Apple seeks to set foundation for holiday quarter with iPhone camera upgrades, improved Apple Watch fitness tracking, and refreshed software

Bloomberg Mark Gurman

Context & Ripple Effects

This Bloomberg preview is the first entry in what becomes a nine-year run of September event rundowns: the same iPhone-plus-Watch pairing reappears in 2019's Series 5 and Apple Arcade preview, 2023's Wonderlust USB-C lineup, 2024's Apple Intelligence event, and 2025's ultrathin iPhone Air coverage.

What makes the 2016 edition notable within that arc is how much of the template is already fixed: camera upgrades positioned against the holiday quarter, a differentiated larger iPhone, and a Watch feature aimed at fitness tracking — the structure every later preview inherits.

First-order effects

  • Buyers heading into the holiday quarter get a 5.5-inch iPhone with a dual-camera system and pressure-sensitive home buttons, making the large model the camera-led tier of the lineup.
  • A GPS-equipped Apple Watch lets wearers track runs without carrying the iPhone, directly expanding the device's standalone fitness use case.

Second-order effects

  • Reserving the dual-camera system for the 5.5-inch model pushes purchase intent toward the larger, higher-priced iPhone, lifting average selling prices into the holiday quarter.
  • Standalone GPS sports watches and fitness trackers lose their no-phone advantage once the Watch adds onboard GPS, forcing those vendors to compete on features beyond tracking.

Third-order effects

  • If the pattern holds — and the 2019 through 2025 previews suggest it does — Apple's September keynote hardens into an annual two-product anchor (iPhone plus Watch) that later years extend incrementally with AirPods, services, and software features rather than replacing.
  • The consistent holiday-quarter timing turns component suppliers and accessory makers into participants in a predictable yearly upgrade cycle keyed to Apple's camera and sensor roadmap.

The trend: Apple's September iPhone-and-Watch keynote has become a fixed annual anchor of its product calendar, with each year layering new categories onto an unchanged core structure.