A chance to thrive in a new market could be particularly appealing for Apple now, having recently reported the slowest annual growth for iPhone sales in the product's history.

Apple chief executive Tim Cook came out fighting against demands for government access to data on Apple devices, warning the authorities that the company would not back down.

Many analysts expect Apple will release a more dramatically revamped new iPhone 7 in the fall.

The new phone is expected to be almost identical to the iPhone 5S, though it may be offered in new colors, such as the rose gold shade introduced with the larger iPhone 6S past year and slight curves that distinguish it from the older model, the Telegraph reports.

Apple also unveiled a smaller model of the iPad Pro, which the company introduced previous year with several features - like a detachable keyboard and stylus - designed for business users. It will also likely boast an upgraded A9 processor that would increase its speed for tasks such as responses from the digital assistant Siri and support for Apple Pay.

The event starts at 10 a.m. PDT at Apple's Cupertino, California, headquarters. The device's camera also includes notable improvements from Apple's last 4-inch offering.

"This is the most powerful 4-inch phone ever at our most affordable introductory price", Joswiak concluded.

14 dead as Spanish bus carrying students crashes
Local reports said the injured, mostly aged between 22 and 29, were from the UK, Switzerland, Norway, Turkey, Ukraine and Spain. The bus was travelling on the AP-7 motorway near Tarragona when the crash happened at about 6am local time.

The new phone comes in two sizes-a 16GB model for $399, and a 64GB model for $499.

The technology research firm IDC expects sales of Android devices to increase this year to make up almost 83 percent of smartphones sold across the globe.

Could it be Apple long awaited steaming TV service or could we get a glimpse of the iPhone 7?

On Monday Apple will be hosting a product launch event called " Let us loop you in".

Apple will also have a dedicated channel on their AppleTV devices for the keynote. Indeed, though the event is quite smaller in scale as compared to Apple's iPhone 7 event later this year, Monday's launch still remains as a very pertinent event for Apple.

In addition to new products, Apple watchers may look for any mentions of the company's ongoing legal and ideological battle with the Federal Bureau of Investigation.

"It's a more attractive price point, but I don't think it moves the needle in emerging markets", he said.