Ternus to Unveil Foldable iPhone and AI-Powered Apple Products
Apple's first major product keynote under new CEO John Ternus is scheduled for September 9 at Apple Park. This marks the first time Ternus will lead Apple's big product launch stage, following Tim Cook's move to executive chairman on September 1.
The event is a crucial test for Apple's stock, with market watchers expecting new hardware announcements, including a foldable iPhone and updated Apple Watch models. Analysts predict that the foldable iPhone will ship around 10 million units in its first year, while a Samsung executive believes added players in the foldable space will help build the overall product category.
Alongside hardware launches, Apple is expected to introduce a refreshed Siri assistant and broader AI tools built into internal product design. The company's stock has closed down recently as traders prepared for the September 9 showcase, but analysts still maintain a Moderate Buy consensus rating on Apple stock (AAPL) with an average 12-month price target of $337.55 per share implying 5.5% upside potential.