Apple's Foldable iPhone Duo Launch Boosts Market Interest

Apple's recent iPhone Duo launch has generated significant market buzz, with investors showing enthusiasm for the new products. The stock price of AAPL rose by 1.2% in early trading, indicating a positive market reaction to the new foldable iPhones.

Citi maintained its 'Buy' rating on Apple with a $365 price target, citing the iPhone Duo as the biggest hardware category since the Apple Watch and AirPods. However, a Stocktwits poll revealed that nearly 80% of respondents do not plan to purchase the new iPhone due to high prices or lack of interest in foldable technology.

BofA analyst Wamsi Mohan slightly lowered the price target to $370, noting that the new iPhone's pricing came in below expectations. This could support stronger unit sales but may also pressure gross margins amid rising component costs.