iPhone Duo Launch Supports Apple Stock Amid Margin Concerns
Apple's stock price has remained stable near $315 on Nasdaq following the September 9, 2026 iPhone Duo launch. The event prompted analysts to trim and raise their targets, with Bank of America cutting its price target from $380 to $370.
The foldable iPhone Duo was launched at a price below $2,300, sparking concerns about Apple's gross margins. Despite this, the company reported double-digit growth in Q3 fiscal 2026, with revenue reaching $109.42 billion and earnings per share at $2.02.
Analysts are divided on their views of Apple's stock, with some maintaining a Buy rating while others express concerns about margin pressure and valuation. The average target price compiled from Street research stands at around $335, implying only a few points of upside from current levels.