Apple Unveils Foldable Phone, Raises iPhone Prices Amid Memory Shortage
Apple's annual product launch event brought forth an array of innovative products and features. The iPhone Duo, the company's first foray into foldable technology, boasts a larger display that Apple CEO John Ternus describes as 'as natural and intuitive as an iPad.' Available from $1,999, pre-orders begin on October 16 with availability starting on October 23.
The new iPhone 18 model promises better battery life, camera capabilities, and performance compared to its predecessor. It comes in four colors: black, silver, glacier, and burgundy. Pre-orders for the devices start on September 12, with availability beginning on September 18.
Apple also announced a price hike of $100 across all iPhone models due to ongoing memory shortages. The company's stock price dipped about 2% near the end of the launch presentation before recovering late in the afternoon.