Apple Launches Its Inaugural Foldable iPhone, Stock Sees Decline

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During an event in Cupertino on Wednesday, Apple introduced its first foldable iPhone, the Duo, priced at $1,999 for the 256GB variant. This marks the initial significant product announcement from new CEO John Ternus following the end of Tim Cook's 15-year leadership. Following the reveal, Apple stocks dropped approximately 1.75%, reflecting ongoing investor doubts regarding recent product introductions. The Duo features a 7.6-inch display and is priced $800 higher than the base iPhone 18 Pro, which was also presented at the event. Pre-orders will start on October 16, with the official launch set for October 23, as Ternus highlighted the importance of on-device AI processing and privacy in Apple's design philosophy. Disclosure: This video contains stock footage and content created or enhanced using AI-assisted tools.  ai-generated

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00:00Apple finally unveiled its first-ever foldable iPhone, and investors weren't entirely convinced.

00:05The device, called the iPhone Duo, starts at $119.99 for the 256-gigabyte model and was

00:13announced at a Cupertino event Wednesday, marking new CEO John Turnus' first major product launch

00:19since Tim Cook's 15-year run atop the company ended. Apple shares actually slipped about 1.75%

00:26during the announcement. Continuing a pattern where investors have shown skepticism around

00:31recent Apple product launches rather than excitement, the Duo opens into a 7.6-inch display

00:38and carries an $800 premium over the entry-level iPhone 18 Pro announced at the same event.

00:44Turnus emphasized on-device AI processing and privacy as Apple's guiding design principles

00:50going forward. Pre-orders for the foldable begin October 16th, ahead of its October 23rd release

00:56date. Disclosure, this video contains stock footage and content created or enhanced using

01:01AI-assisted tools.

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