Duo Shipment Forecast Cut to 8-9M as Wait Times Top Three Months Ahead of Nov 2 Q4 Report
AAPL sits 41% above its 52-week low of $243.42.
Summary
Apple's first foldable is running into supply trouble: Duo wait times now exceed three months and 2026 shipment forecasts have been trimmed to roughly 8-9 million units from 10 million. The company also confirmed a small number of units showed inner-display cracks or pixel lines after unfolding, and it has opened an internal probe into the defects while replacing affected customers' devices. On the positive side, preliminary estimates put the 512GB Duo's gross margin above 55%, and higher-capacity demand could lift average selling prices. Loop Capital cut the stock to Hold and trimmed its target to $330, cutting December-quarter iPhone shipments to 79M from 85M on supply and cost pressure. Apple reports fiscal Q4 on Nov 2, with Duo demand, iPhone margins and foldable ramp guidance the key items.
At the time of this announcement, AAPL was trading at $343.56 on NASDAQ in the Technology sector, with a market capitalization of approximately $5T. The 52-week trading range was $243.42 to $351.73. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Wiseek News.