Apple Launches New iPhone Duo Priced at $1,999
Apple (NASDAQ: AAPL) has unveiled its new foldable phone, the iPhone Duo, with a starting price of $1,999. This premium pricing could deter some consumers, delaying sales potential as many are holding off on upgrades due to economic conditions.
The iPhone Duo’s launch comes as Apple’s stock has risen over 20% this year, boosting its market cap to approximately $5 trillion. However, the company’s stock currently trades at 38 times its trailing earnings, raising concerns about its valuation given modest growth expectations. Analysts warn sales may not meet elevated market expectations, especially if past issues with foldable devices arise.
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