Analysts Praise Apple's Foldable iPhone Duo Launch Despite Retail Skepticism

Apple's latest iPhone Duo launch has been hailed as the company's biggest new hardware category since the Apple Watch and AirPods, according to analysts at Citi.

The firm maintained a 'Buy' rating with a $365 price target, while BofA also kept a 'Buy' rating but lowered its price target to $370 from $380 due to potential stronger unit sales at lower-than-modeled pricing.

Retail traders on Stocktwits, however, have been less enthusiastic about the foldable iPhone, with nearly 80% of over 13,000 respondents saying they are not planning to buy it, either because it's 'too expensive' or because they're 'not interested in a foldable'. Only 11% said they plan to purchase the phone on day one, while 9% said they're waiting for reviews.