Apple launches foldable iPhone with seamless dual-screen design

Apple unveiled its first foldable iPhone on Wednesday, entering the foldable market and directly targeting competitors. CEO John Ternus presented the device at a launch event in Cupertino, emphasizing the need for larger screens in modern smartphones. The passport-sized device features a proprietary dynamic hinge and custom flexible glass, eliminating visible gaps between panels. It includes internal and external displays, starting at $1,999 for 256GB, with pre-orders opening October 16 and sales beginning October 23. Despite the launch, Apple's stock fell 1.5%, confirming analyst predictions of a "sell-the-news" event. Wall Street remains bullish long-term, with price targets up to $400, though short-term demand signals like pre-orders will determine market reassessment.