Apple Inc unveiled its highly anticipated foldable iPhone, the iPhone Duo, on Wednesday, with pre-orders beginning Oct. 16 and a release scheduled for Oct. 23 at a starting price of $1,999. Future Fund Managing Partner Gary Black said the device will become a must-have product for 20- and 30-somethings, usher in a new iPhone upgrade cycle, substantially increase iPhone average selling price, and let business travelers carry one small device rather than two. Black said the iPhone Duo holds an advantage over rival foldables such as the Samsung Galaxy Z Fold 8 and Google 10 Pro Fold because it shows no crease when unfolded, and he dismissed the argument that people do not want a foldable phone, saying the fold mechanism can double or triple screen size and that investors should not underestimate the power of the Apple marketing machine. Black's main caution is that limited production of the new foldable could cap incremental earnings for potentially six months, with unknown cannibalization of iPad sales.
Apple Inc.Apple unveiled its foldable iPhone Duo, a new product launch that could usher in an upgrade cycle and lift iPhone ASPs.
Samsung Electronics Co LtdSamsung's Galaxy Z Fold 8 is cited as a rival foldable that Apple's crease-free iPhone Duo holds an advantage over.
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