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Apple catches up in foldables. Wall Street likes it
Source: proactiveinvestors.com
Product LaunchesTechnology & InnovationConsumer Demand & RetailCompany Fundamentals
Apple shares rose 3.1% after the company unveiled its first foldable iPhone, the iPhone Duo, priced from $1,999. The launch marks Apple’s entry into the foldable-phone segment already served by Samsung, Google and Huawei and represents one of the largest changes to the iPhone lineup in years. The premium device could support higher average selling prices while intensifying competition in high-end smartphones.
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