Apple's Foldable iPhone Duo Ships Oct 23, Analysts See 40% Foldable Share by 2027
AAPL sits 41% above its 52-week low of $240.211.
Summary
Apple's foldable iPhone Duo launches Oct 23 with a 7.6" display, and analysts are bullish: Counterpoint sees ~6M units by year-end, IDC forecasts Apple capturing 40% of the foldable market by 2027, and Gene Munster estimates the Duo could be ~8% of iPhone units and ~14% of iPhone revenue next year. Morgan Stanley expects the Duo to nearly sell out in the next 12 months. Meanwhile, iPhone 18 Pro/Pro Max shipping times are 2-4 weeks, about 15% longer than last year, with Pro production up ~18% YoY and component costs rising. Services growth is expected to dip below 10% in the September quarter. Apple also added a custom Gemini model to Siri for cross-app actions, and three investors sued over $180M in Bitcoin losses from fake wallet apps. This is the first major foldable product launch from Apple and a significant expansion of its hardware lineup, with potential to drive unit and revenue growth.
At the time of this announcement, AAPL was trading at $338.80 on NASDAQ in the Technology sector, with a market capitalization of approximately $4.9T. The 52-week trading range was $240.21 to $344.57. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.