Apple Inc.Apple unveils its first foldable iPhone, the iPhone Ultra, a new high-margin product priced above $2,000.
Apple's new CEO, John Ternus, unveiled the company's first-ever foldable iPhone this week, a device called the iPhone Ultra priced above $2,000. The premium price sets a new standard for both unit sales and demand, and every sale helps Apple grow its margins. Investors should also watch Apple's supply chain, since the company may ship only a few hundred thousand units early on, and a slow launch could dampen initial revenue even if demand is high. Competition in the foldable phone space is intense, with Samsung and Huawei having offered similar products for a couple of years, so any problems with Apple's foldable design would be a huge boost for rivals. A successful rollout paired with high demand and no pushback on the elevated price could position Apple to dominate a new high-margin category, making this Ternus's first big test.
Apple Inc.Apple unveils its first foldable iPhone, the iPhone Ultra, a new high-margin product priced above $2,000.
Samsung Electronics Co LtdSamsung has offered foldable phones for years, and any Apple foldable design problems would be a huge boost for rivals.
Applovin Corp
NVIDIA CorporationHuawei has offered foldable phones for years, and any Apple foldable design problems would be a huge boost for rivals.