Apple's Foldable iPhone Duo Predicted to Be a Commercial Success

Apple's highly anticipated foldable iPhone Duo is set to hit the market on October 23, priced at a whopping $1,999. According to Rick Munarriz from The Motley Fool, despite its steep price tag, the device will find its audience and be a commercial success.

The iPhone Duo features a convenient passport-sized profile when doubled up, which is expected to win style points with consumers. Additionally, leading wireless carriers will continue to subsidize smartphone purchases tied to multi-year contracts, making the expensive handset more appealing to customers.

Munarriz notes that Apple's business isn't growing as quickly as Nvidia's, but it is closing the gap in market capitalization. With a recent surge in stock price, Apple is now less than 10% away from overtaking Nvidia to become the most valuable company by market capitalization.