Apple's Foldable iPhone Duo Poised for Strong Revenue Growth

Apple's foldable iPhone Duo is expected to generate significant revenue for the company in the coming months. According to Evercore ISI analyst Amit Daryanani, early unit sales of the device will be dictated by production volume, not consumer appetite.

Daryanani, who maintains a Buy rating and a $365 price target on Apple stock, expects the iPhone Duo to sell as many units as Apple can produce for at least the next 3-6 months. He notes that if the device captures just 5% of Apple's install base, it will generate about $25 billion in revenue.

The analyst also expressed surprise at the $1,999 baseline cost of the iPhone Duo, which he says came in below expectations. He attributes this to Apple's balanced tiering structure, where the company kept entry-level prices relatively approachable while shifting price hikes to higher-tier storage configurations.

Key metrics to monitor for the success of the iPhone Duo include the physical durability of its hinge mechanism and real-world battery performance under heavy video consumption. Daryanani notes that full-scale software integration will also be crucial, particularly with Apple's broader artificial intelligence ecosystem still in beta.