Apple Unveils iPhone 18 Pro, First Foldable, and AI Server Push
AAPL sits 42% above its 52-week low of $236.65.
Summary
Apple's latest announcements go well beyond the already-reported Q3 results. The company launched the iPhone 18 Pro with the A20 Pro chip, which benchmarks ahead of top Intel and AMD PC processors in single-core performance. It also introduced the iPhone Duo, its first foldable, marking a major new product category. On the AI infrastructure front, Apple plans to sell on-premises servers to developers and enterprises, and is developing in-house M8 Ultra-based server hardware for data centers targeting 2029. Additionally, iPhone shipments rose 13% year-over-year, pushing global smartphone share to a record 21%. These moves signal aggressive expansion into foldables and enterprise AI hardware, areas where Apple has not previously competed directly.
At the time of this announcement, AAPL was trading at $336.10 on NASDAQ in the Technology sector, with a market capitalization of approximately $4.9T. The 52-week trading range was $236.65 to $344.57. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.