Apple’s new iPhones get faster chips, better cameras and new charging ports | Michael Liedtke / The Associated Press

Investors apparently weren’t impressed with what Apple rolled out Tuesday. The company’s shares fell nearly 2% Tuesday, a steeper decline than the major market indexes.

Although maintaining those prices are bound to squeeze Apple’s profit margins and put further pressure on the company’s stock price, Investing.com analyst Thomas Monteiro believes it’s a prudent move with still-high inflation and spiking interest rates pinching household budgets. “The reality was that Apple found itself in a challenging position leading up to this event,” Monteiro said.

Although consumers often don’t like change, the transition to USB-C ports may not be that inconvenient. That’s because the standard is already widely used on a range of computers, smartphones and other devices people already own. The shift to USB-C may even be a popular move since that standard typically charges devices more quickly and also offers faster data transfer speeds.

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