Apple launches foldable iPhone with dual screens

Apple launched its first foldable iPhone on Wednesday, directly challenging competitors' designs in the flexible device market. The new device features both internal and external screens in a passport-sized form factor. New CEO John Ternus emphasized the need for larger visual space in modern smartphones, criticizing existing foldable hardware as feeling like "two phones clumsily stuck together." The device uses proprietary dynamic hinges and custom flexible glass to eliminate visible gaps between panels. The foldable iPhone starts at $1,999 for 256GB, with pre-orders opening October 16 and sales October 23. Analysts expect a "sell-the-news" event, with Apple shares falling 1.5 percent, though long-term price targets remain up to $400.