Apple Launches iPhone 18, Announces iPhone Duo Release
Apple’s new iPhone 18 was released on September 29, 2023, with the iPhone Duo set to launch on October 23, 2023. The iPhone Duo will be priced at $1,999, significantly higher than the recently launched iPhone 18 Pro, which starts at $1,199.
With the recent product launches, Apple is nearing a market cap of $5 trillion, currently sitting just 2% below this threshold. The company is also positioned less than 10% away from overtaking Nvidia as the most valuable company by market capitalization, driven by a more than 40% increase in its stock price over the past year.
Analysts anticipate Apple will see a revenue spike of 10.5% in fiscal 2027, marking the first instance of back-to-back years of double-digit revenue growth since fiscal 2012.
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