Apple Unveils $1,999 Foldable iPhone Duo, Analysts See Upside
AAPL sits 41% above its 52-week low of $225.95.
Summary
Apple launched the iPhone Duo, its first foldable, starting at $1,999 with preorders Oct. 16 and availability Oct. 23. Gene Munster doubled his FY27 revenue contribution estimate to 10% after seeing the device, citing thin design and no visible crease. Other analysts reacted positively, with some noting the $2,000 price could limit adoption. The launch follows Apple's strong Q3 and recent price increases across product lines. Watch for preorder demand and initial sales data in late October.
Updates
· Benzinga — BofA cut its price target to $370 from $380 and lowered FY27 EPS estimate to $9.46 from $9.92, while raising unit forecasts by 2M for FY26 and 5M for FY27. TD Cowen set a $400 target; Rosenblatt stayed at $303.
At the time of this announcement, AAPL was trading at $318.10 on NASDAQ in the Technology sector, with a market capitalization of approximately $4.6T. The 52-week trading range was $225.95 to $344.57. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Benzinga.