Apple Shares Rise 0.2% as Foldable iPhone Nears Sept. 9 Launch Above $2,000
Updated
Updated · Yahoo Finance · Aug 24
Apple Shares Rise 0.2% as Foldable iPhone Nears Sept. 9 Launch Above $2,000
3 articles · Updated · Yahoo Finance · Aug 24
Summary
AAPL gained 0.2% in early premarket trading after a Bloomberg report outlined Apple's first foldable iPhone ahead of an expected Sept. 9 unveiling.
Over $2,000 pricing would make it Apple's priciest iPhone, with users reportedly praising its durable hinge, pocketable design and iPad-like app layouts on the larger inner screen.
The device still appears to make trade-offs: it reportedly lacks a telephoto camera and Face ID, using Touch ID instead despite the premium positioning.
Apple is treating the foldable as its biggest iPhone design shift since 2007, while analysts see the category helping revive growth even if production and shipment ramps take time.