The following video is from Tuesday's Investor Beat, in which host Chris Hill and analysts Mike Olsen and David Meier dissect the hardest-hitting investing stories of the day.

Apple's (NASDAQ:AAPL) much-awaited media event was held today, at which it announced both its next-generation iPhone 5S and its lower-cost model, the new iPhone 5C. But does making a lower-cost model eat into Apple's high-end brand? Was this a concession that Apple can no longer compete with Android phones that are available at several price points? In our lead story on Investor Beat, Mike and David discuss Apple's latest move.

Chris Hill has no position in any stocks mentioned. David Meier owns shares of Apple. Michael Olsen, CFA has no position in any stocks mentioned. The Motley Fool recommends and owns shares of Apple and Google. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.