Apple Set to Unveil First Foldable iPhone at 'Surprise and Shine' Event
Apple's 'Surprise and Shine' event is just around the corner, scheduled for September 8. The highly anticipated launch has piqued the interest of tech enthusiasts, with prediction markets heavily favoring the release of the first foldable iPhone, dubbed 'iPhone Ultra.'
The market is confident in the launch of this new device, assigning a 99% probability to its arrival. Bets on the launch price are also being made, with a 95% chance that it will debut above $1,800 and an 89% chance that it will exceed $2,000.
Bank of America analyst Wamsi Mohan advises investors to focus on three key aspects: Apple's first foldable iPhone, price hikes for Pro models, and the delay in releasing cheaper models until next spring. The foldable iPhone is expected to be a game-changer, with prices potentially reaching up to $3,000.
The event marks the first iPhone launch under the leadership of new CEO John Ternus. Apple shares have been trading at $316.22, with a 0.04% decline in after-hours trading.