Apple Eyes Off-the-Charts iPhone Duo Demand as Q3 Revenue Jumps 16.4%

1 articles · Updated · Yahoo Finance · Sep 15

Apple’s new iPhone Duo foldable could see “off the charts” demand, Jim Cramer said, arguing the launch extends the stock’s strong run after the product introduction.
$109.4 billion in fiscal third-quarter 2026 revenue and $2.02 diluted EPS underpinned that bullish view, with iPhone sales hitting $54.25 billion and Services reaching a record $30.74 billion.
A 2.5 billion-device installed base gives Apple a large upgrade pool, and analysts say its entry into foldables could speed adoption in the premium smartphone segment.
34.72 times forward earnings leaves little room for execution missteps, while flexible displays, custom hinges, memory costs and Greater China demand remain key risks to early shipments and margins.
169 hedge funds held Apple in the second quarter and short interest was just 0.96% of float, signaling broad institutional backing despite valuation and supply-chain concerns.