Apple's big launch- What to expect?

Apple has organised an event on Tuesday at Apple's head quarter at Silicon Valley. This time they are mainly concentrating on developing low priced smart phones.

They are also planning to launch the new iPhone 5S. this one would come with the same look and feel, but would come with a speed boost. Some of the chief features of the new iPhone would be a gold colour and fingerprint recognition.

The iphone 5C which is Apple's first venture in the economic phone field, is expected to win over buyers in China and other developing markets, where there is a competition for low priced smartphones. However there seems to be no talks on Apple watches and TV sets at this event.

Smartphones market, is now dominated by Android devices, and this venture by Apple to develop an economic phone, is a big leap into the race.

Researchers in the firm IDC however forecast that Apple will increase its shares this year to 17.9% from 16.9%.