Stocks

Foldable iPhone Debut Pressure Mounts for Apple's New CEO

Guavy AI Editorial Team Published September 9, 2026

Instruments

AAPL

Apple's new CEO John Ternus is under pressure to deliver on the company's most anticipated event in years: the unveiling of the foldable iPhone.

The stock has rallied 15% since June 25, with a significant chunk of gains driven by excitement about the new lineup of devices, particularly the foldable phone.

However, the stock remains down about 7% from its all-time high set on July 28, and it slid 0.2% in Wednesday morning trading.

The Wire

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