Stocks

Apple Stock Slides Ahead of Foldable iPhone Launch

Guavy AI Editorial Team Published September 9, 2026

Instruments

AAPL

Apple's stock price dipped 1.17% to $316.22 on Tuesday ahead of its highly anticipated iPhone 18 launch event, where CEO John Ternus will unveil the company's debut foldable iPhone.

The new device is expected to have a price tag exceeding $2,000, making it pricier than Samsung's Galaxy Z Fold 8.

Historical trends suggest that Apple's stock usually drops by around 0.3% during iPhone launch events but rebounds with an average gain of 0.5% the following day.

Analysts remain divided on Apple's future prospects, with Bank of America reiterating its Buy recommendation and a $380 price target, while KeyBanc maintains an Underweight stance and a $250 projection.

The Wire

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