Apple Inc.Apple unveiled its first foldable iPhone Duo at $1,999, but analysts flagged size concerns and a possible one-off model.
Apple unveiled its first foldable phone, the iPhone Duo, at its annual product event, with a starting price of $1,999 and a top configuration around $3,199. The device, introduced by new Apple CEO John Ternus, features a passport-like book design with a 5.4-inch front display that opens to a 7.6-inch screen. Jefferies analyst Edison Lee warned in a note Thursday that the Duo's size may hurt sales, saying it is harder to hold and operate with one palm, especially for consumers with smaller hands. Lee also said supply chain checks indicate Apple would introduce a second-generation foldable next year in a normal size, likely at an even higher price, which could make the Duo a one-off model and prompt some consumers to wait. AT&T CEO John Stankey told Yahoo Finance at the Goldman Sachs Communacopia & Tech Conference that the foldable category is not new and has tended to function as a niche application rather than gaining broad acceptance. Apple shares finished Wednesday's session down slightly and rallied slightly in early Thursday trading.
Apple Inc.Apple unveiled its first foldable iPhone Duo at $1,999, but analysts flagged size concerns and a possible one-off model.
Applovin Corp
Jefferies Financial Group IncJefferies analyst Edison Lee issued a note warning the Duo's size may hurt sales and that a second-gen foldable could make it a one-off.
Goldman Sachs Group Inc
AT&T Inc.