Apple stock dips after unveiling first foldable iPhone

news.kbs.co.kr (Korean)

Apple unveiled its first foldable iPhone on September 9, but its stock closed down 0.28% at $315.34 after fluctuating during the announcement. The stock fell as much as 1.9% during the product event before recovering most losses. Analysts noted the device was widely anticipated, offering no new positive catalyst, with rising memory costs also weighing on shares. The new "iPhone Duo," similar in size to Samsung's Galaxy Z Fold 8, costs $1,999 for 256GB, with preorders starting October 16 and store sales October 23.


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Apple stock dips after unveiling first foldable iPhone | News Minimalist