Apple iPhone Revenue Soars, But Stock Drops on Upcoming Announcements

Apple's quarterly results are out, and they're a mixed bag. The iPhone revenue saw a significant boost of 22% year-over-year, reaching $54.25B. Meanwhile, services revenue also rose to $30.74B. However, the stock took a hit, falling around 1.2%, as investors look ahead to upcoming product announcements.

Bank of America has revealed some potentially game-changing details about Apple's future iPhone lineup. According to their predictions, Apple will unveil three new models, including a base foldable phone that could cost nearly $2,100. Additionally, the prices for the iPhone 18 Pro and Pro Max may increase by $150-$200. There is also a possibility that the cheaper models might be delayed until spring.