Apple's Foldable iPhone Unveiling: Can John Ternus Deliver on High Expectations?

Apple's stock has surged $570 billion since June 25, sending its shares to their worst day in over a year. The company is set to unveil its highly anticipated foldable iPhone on Wednesday, with new CEO John Ternus facing high expectations.

The stock remains down about 7% from its all-time high set on July 28, but investors are looking for the company's ability to navigate soaring memory costs and maintain profit margins without scaring off customers. Apple is expected to unveil new iPhone Pro and Pro Max models, AirPods, and watches alongside the foldable iPhone.

The foldable iPhone is projected to have a starting price of $2,300 to $2,500, with Morgan Stanley analysts estimating shipments will total about 6.5 million units in Apple's fiscal first quarter. The company's revenue is expected to rise 15% in fiscal 2026, but the pace of earnings growth is slowing, with net income expansion expected to slow to just 6% in its fiscal fourth quarter.