Apple Unveils Foldable iPhone Duo and Updated Pro Max Models

Apple's new CEO, John Ternus, is set to unveil his first major product launch today. The company is expected to introduce a foldable iPhone called the iPhone Duo, which will start at $2,000 and go on sale as early as October in white and dark blue.

The event will also showcase updated iPhone Pro Max models, with prices increasing by $100 per model compared to last year's design. Additionally, Apple Watch Series 12 and Ultra 4 models, along with a lower-cost AirPods 5, are expected to be unveiled.

Apple stock is trading near recent highs, with the 50-day SMA above the 200-day SMA indicating a bullish long-term trend. The RSI is at 49.05, suggesting a neutral momentum phase for Apple's stock, which has gained 31.82% over the past year.