Apple kicks off new product event; $1,000 iPhone is expected

By MICHAEL LIEDTKE and BARBARA ORTUTAY
CUPERTINO, Calif. — Apple has kicked off a September product event at which it is expected to unveil a dramatically redesigned iPhone that could cost $1,000.
It’s the first product event Apple is holding at its new spaceship-like headquarters in Cupertino, California. True to its secretive ways, Apple hasn’t confirmed what it will be announcing, though a financial forecast issued last month telegraphed something significant in the pipeline