Apple's Foldable Moment: $54 Billion iPhone Engine Hangs in the Balance

Apple's upcoming product event on September 9 is generating buzz around new iPhones, but investors might be more interested in speculation about the company's first foldable model. Apple's quarterly results showed a 16% surge in revenue to $109.42 billion and a 29% increase in earnings per share to $2.02.

The iPhone alone accounted for nearly half of Apple's quarterly revenue, reaching $54.25 billion. A successful foldable iPhone could open up a lucrative premium market and drive upgrade sales, but the company must perfect its hardware, software, and supply chain to meet expectations.