AAPL Analysts Split on Foldable iPhone Duo's Price and Profit Potential

Apple's debut of its foldable iPhone Duo has sparked a mixed reaction from Wall Street analysts. While some see the $1,999 device as a potential game-changer, others are concerned about the impact on margins.

Morgan Stanley noted that Apple appears focused on driving adoption rather than maximizing near-term economics, with the Duo's price coming in below expectations of $2,300-$2,500. The firm added that higher memory costs remain a margin concern.

However, retail investors on Stocktwits have turned bullish on AAPL, with one trader calling the reveal a 'modern day Steve Jobs moment' and predicting that the stock could climb to $400. Another investor planned to upgrade from an iPhone 15 Plus to the new Duo, citing its ability to stream cricket while managing their portfolio.