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Apple IPhone Models Show Shift From Pioneer to Emulator

Apple Inc. fell the most in almost five months after unveiling two iPhones that were criticized by analysts as lacking enough new features or a sufficiently low price to attract a broad range of new customers.

In a break with the past, when the company introduced one iPhone a year, Apple yesterday unveiled two new models. The iPhone 5C will cost $99 to $199 with a wireless contract and comes in five different colors. A high-end iPhone 5S with fingerprint-security features, a speedier processor and better camera will cost $199 to $399 and be available in three colors. Apple’s shares declined as much as 6 percent, making it the worst performer in the Standard & Poor’s 500 Index.