Apple Unveils Foldable iPhone, Eyes $5 Trillion Market Cap

Apple has officially launched its new iPhone series, including the A20 Pro chip built on 2nm process technology. The iPhone 18 Pro starts at $1,199 and the iPhone 18 Pro Max starts at $1,299.

The company also unveiled its first foldable iPhone, named the iPhone Duo, which is the thinnest iPhone in history when unfolded, with a starting price of $1,999.

According to Goldman Sachs, Apple's pricing strategy and product design exceeded expectations, potentially opening up the mass market and providing significant benefits to the supply chain in the Greater China region.

Following the launch event, Apple's stock rose for two consecutive days, bringing its market capitalization to $4.85 trillion, just a step away from the $5 trillion mark.