Apple Shares Rise on Forecast of 6 Million Foldable iPhone Duo Sales

Apple shares rose Wednesday following projections from Counterpoint Research that the company could sell approximately 6 million iPhone Duo foldable smartphones in 2026. The new device starts at $1,999 for the 256 GB model and features a 7.6-inch display, with pre-orders beginning October 16 ahead of an October 23 launch. Supply chain data indicates panel procurement across the iPhone 18 Pro, Pro Max, and Duo is outpacing the prior cycle, though UBS reported flattish wait times for the Pro models and maintained a Neutral rating with a $296 price target.