Foldable iPhone Anticipation Boosts Apple Shares

Apple shares have been on the rise as anticipation builds around the company's biggest hardware event of the year, which is expected to feature a foldable iPhone.

The new device would mark a significant departure from Apple's familiar slab design and could draw high-value customers to upgrade. A device like this has the potential to spur an upgrade wave, particularly among those willing to pay a premium for the newest design.

Resilient demand in China has also been a major factor contributing to the positive sentiment around Apple's shares. Sales in the region had been a source of concern, but evidence that iPhone demand there is running strong has helped steady sentiment. This strength in China removes a significant overhang and points to durable appeal for Apple's devices in a fiercely competitive market.

Apple designs and sells a range of consumer devices, led by the iPhone, alongside Mac computers, iPad tablets, wearables such as the Apple Watch and AirPods, and a fast-growing services segment. The company has moved to weave machine-intelligence features across its devices and software, aiming to make its products more capable and give customers fresh reasons to upgrade.