Stocks
Apple iPhone Duo Sparks High Demand Amid Supply Chain Concerns
Apple's (AAPL.US) highly anticipated 'iPhone Duo' foldable phone unveiling has created high-stakes retail demand, but supply chain hurdles and a significant short volume spike may be looming.
The company's shares rose 1.5% after the event, with Apple Short Sellers facing fresh resistance according to the Short Seller Tracker. The new iPhone duo features higher prices, with the foldable model starting at $1,999.
Goldman Sachs maintains a 'Buy' rating on Apple (AAPL.US) with a target price of $360.