Apple (AAPL) Stock: What the iPhone Duo Launch Means for Investors
TLDR
- New CEO John Ternus unveiled the iPhone Duo, Apple’s first foldable smartphone, priced at $2,000
- The iPhone 18 lineup will launch with premium models only; cheaper base models are delayed to next year
- A Siri AI update arrives in beta this month but is blocked in the EU and China
- Payden & Rygel boosted its Apple stake by 276% in Q2, making it their second-largest holding
- Analysts hold a consensus “Moderate Buy” rating with an average price target of $331.53
Apple’s biggest product launch of the year arrived Thursday, and new CEO John Ternus made one thing clear: big screens matter more than AI right now.
iPhone Duo
iPhone 18 Pro and iPhone 18 Pro Max
Apple Watch Series 12 and Apple Watch Ultra 4
AirPods 5… and Joz pic.twitter.com/TWj3GjDSmk
- John Ternus (@johnternus) September 9, 2026
Ternus unveiled the iPhone Duo, Apple’s first foldable smartphone, priced at $1,999. The device features a 7.6-inch unfolded display and a 5.4-inch outer screen. Ternus said competing foldables feel like “two phones awkwardly stuck together” and positioned the Duo as something different.
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