SAN FRANCISCO — Apple is expected to unveil a new iPhone and maybe even a second-generation smartwatch at a special event in San Francisco on Wednesday. The rumour mill has been grinding away with talk of iPhone 7 models that will boast faster chips, more sophisticated cameras, and improved software while doing away with jacks for plugging in wired headphones. To assuage users accustomed to wired headphones, Apple could roll out accessories that include an adaptor that plugs into a remaining port. The event would also be a chance to showcase wireless headphones, perhaps some from Beats, which Apple bought two years ago in a deal valued at $3bn. In Apple’s usual enigmatic style, it provided little more than the date, time and place to the invitation-only gathering. Apple has maintained a rhythm of introducing updated iPhone models on an annual basis, timing introductions to coincide with the year-end holiday shopping season. In July, the company announced the sale of its billionth iP...

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