CEO Tim Cook greets Apple fanatics at iPhone launch in Palo Alto

PALO ALTO, Calif. (KGO) -- Apple CEO Tim Cook greeted eager fans waiting outside the Apple store in Palo Alto who wanted to be the first to get their hands on the newest iPhones.

The iPhone XS and the XS Max are said to have the most impressive technology yet. Apple says the XS and XS Max are faster with a more advanced camera and extended battery life. The XS starts at $999.

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The larger version, the iPhone XS Max has a 6.5 inch display, making it Apple's biggest screen, the price starts at $1,099.

These are not cheap, so if you want one of these new toys, you can try selling your old iPhone, but you better act fast. After the announcement was made, resale value of the old iPhones dropped by as much as $50.

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Crowds are smaller than what we normally see at Apple stores for iPhone release, but that may change next month when the cheaper XR model goes on sale.

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