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Apple's Foldable iPhone and AI Upgrade Opportunity Spark Morgan Stanley Optimism
Morgan Stanley analyst Erik Woodring is optimistic about Apple's future prospects due to the company's recent product event.
The September 9 event showcased several new offerings, including the first foldable iPhone, the iPhone Duo, starting at $1,999 with pre-orders on October 16. The A20 chips built on a 2-nanometer process are also considered a significant innovation.
According to Morgan Stanley, approximately 1.3 billion iPhones in circulation lack sufficient hardware to run Apple's full AI capabilities, creating a potential upgrade opportunity for consumers.