Apple Launches $1,999 Foldable iPhone Duo, Eyes $5 Trillion Market Cap

2 articles · Updated · Yahoo Finance · Sep 20

Oct. 23 is Apple’s launch date for the iPhone Duo, its first foldable iPhone, with pre-orders opening a week earlier and pricing starting at $1,999.
The device is positioned as a premium upgrade: its foldable, passport-sized form factor sets it apart, while carrier subsidies tied to multi-year contracts could soften the $800 premium over the $1,199 iPhone 18 Pro.
Apple is introducing the Duo as its stock momentum strengthens, with shares up more than 40% over the past year and the company now within 2% of a $5 trillion valuation.
That rally has also narrowed the gap with Nvidia: Apple is less than 10% behind the chipmaker in market value, even though Nvidia stock is still up 26% over the same period.
The foldable launch extends a broader rebound for Apple, which is set to post double-digit fiscal 2026 revenue growth for the first time in five years.