BofA cut its Apple price target to $370 after the $1,999 iPhone Duo came in cheaper than expected. TD Cowen holds $400; Rosenblatt stays at $303.
Apple priced iPhone Duo at $1,999, below Wall Street's $2,099 expectation. The modest pricing compresses gross margins against rising component costs, forcing a volume-over-margin strategy that pressures fiscal 2027 profitability estimates.
Apple Inc. (NASDAQ:AAPL) priced its first foldable iPhone below Wall Street’s expectations.
For the analysts covering the stock, that is exactly the problem.
The $1,999 iPhone Duo drew broad praise. Apple unveiled it Wednesday at the “Surprise and Shine” event, the first major product launch under CEO John Ternus.
The worry is what cheaper-than-expected phones do to Apple’s profit on each device.
BofA Likes The Duo, Not The Math Behind
Apple unveiled iPhone Duo, its first foldable, at a $1,999 starting price. Shares wiped out a 1% midday loss to trade flat near…
The iPhone Duo will start at $3,499, putting it among the most expensive mainstream smartphones on the market and marking the…
Apple has launched the $1,999 iPhone Duo, its first foldable iPhone, featuring a 7.6-inch display, redesigned iOS and upgraded…
On Wednesday, Apple Inc. (NASDAQ:AAPL) unveiled the iPhone Duo at its first major product event under CEO John Ternus, marking…
Apple's first foldable, the iPhone Duo, opens to 7.6 inches at $1,999. IDC expected $2,500, and it runs the same A20 Pro as the…
The Duo launch, first with new CEO John Ternus, is the most noticeable overhaul of Apple's flagship product since 2017.
Apple unveils $1,999 iPhone Duo, its first foldable phone
