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Apple's iPhone Duo Launch Sparks Muted Market Response

Guavy AI Editorial Team
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AAPL
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Apple's latest iPhone Duo launch has sparked a mixed reaction from investors. The company unveiled the $1,999 foldable iPhone alongside higher-priced Pro models.

The market reaction was muted, with Apple closing at $315.34 on September 9, down 0.28%, before trading 0.75% higher pre-market.

Analysts at Melius estimate up to 15 million Duo units in fiscal 2027, which could lift iPhone revenue growth to 20% or more, above the current 9% consensus.

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