Apple's new CEO bets on $2,000 foldable iPhone in first major redesign

Apple's new CEO John Ternus unveiled the first major iPhone redesign in nearly 20 years, introducing the foldable iPhone Duo with a starting price of $2,000, making it the largest and most expensive iPhone ever. The Duo, revealed at Apple's annual event, features a book-style foldable design inspired by the iPad, with prices reaching up to $3,200. Ternus, who succeeded Tim Cook, was directly involved in its development during his tenure in Apple's hardware division. Analysts are divided on the Duo's prospects, noting foldable smartphones currently represent only 2% of the market, with sales expected to reach just 4% in the next decade. The device could either mirror the Vision Pro headset's poor performance or become a hit like the Apple Watch.