Apple Shares Poised for Boost as Foldable iPhone Nears Launch

Apple's highly anticipated foldable iPhone is set to make its debut at the company's annual product launch event, and investors are eager to see how it will impact Apple shares. Analysts predict that the device could generate over $45 billion in revenue by the end of next year, despite being priced around $2,000-$2,500.

Nabila Popal, senior research director at IDC, believes that even with a high price tag, the foldable iPhone will be highly sought after due to Apple's ability to create an aura of exclusivity and luxury. Popal also expects the new phone to contribute significantly to Apple's revenue in the coming year.

Historically, Apple shares have seen gains following iPhone launches, with a 20% increase recorded in 2019 after the release of the iPhone 11. Analysts at Bank of America expect a similar reaction this time around, although they caution that investor reaction may depend on factors such as pricing and AI features.

Under Tim Cook's leadership, Apple shares have soared an impressive 2,300%, with the stock also delivering strong returns on a total-return basis. With new CEO John Ternus at the helm, investors are eager to see how he will lead the company forward.