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Stockreport

Apple will ship millions of $2,000 foldable iPhones this year: Citi [Yahoo! Finance Canada]

Apple Inc. (AAPL)  More Company Research Source: Yahoo! Finance Canada
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
If you aren't emotionally ready for a foldable iPhone from tech giant Apple ( AAPL ), at least get ready for it as an investor, says Citi analyst Atif Malik. Malik sees a fast ramp of the foldable iPhone beginning later this year and going into 2027. He expects the device to debut at Apple's annual fall launch together with iPhone 18 Pro/Pro Max models. "With the premium pricing of around $2,000 and timing of the launch, we expect limited foldable iPhone shipment of around 8 million units in 2026, or ~3% of total iPhone shipment, which will likely grow to 20 million units in 2027," Malik wrote in a note on Tuesday. The analyst reiterated a Buy rating on Apple — about 50% of Wall Street analysts rate Apple a Buy, Yahoo Finance data shows. He did cut his price target to $315 from $330, citing margin risk from the surge in memory chip prices Apple's stock has been dead money for more than a year as investors have rotated into more AI-centric names from the "Magnificent Seven," s [Read more]
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Stockreport

Apple will ship millions of $2,000 foldable iPhones this year: Citi [Yahoo! Finance Canada]

Apple Inc.  (AAPL) 
More Company Research Source: Yahoo! Finance Canada
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
If you aren't emotionally ready for a foldable iPhone from tech giant Apple ( AAPL ), at least get ready for it as an investor, says Citi analyst Atif Malik. Malik sees a fast ramp of the foldable iPhone beginning later this year and going into 2027. He expects the device to debut at Apple's annual fall launch together with iPhone 18 Pro/Pro Max models. "With the premium pricing of around $2,000 and timing of the launch, we expect limited foldable iPhone shipment of around 8 million units in 2026, or ~3% of total iPhone shipment, which will likely grow to 20 million units in 2027," Malik wrote in a note on Tuesday. The analyst reiterated a Buy rating on Apple — about 50% of Wall Street analysts rate Apple a Buy, Yahoo Finance data shows. He did cut his price target to $315 from $330, citing margin risk from the surge in memory chip prices Apple's stock has been dead money for more than a year as investors have rotated into more AI-centric names from the "Magnificent Seven," s [Read more]
IMPACT SNAPSHOT
EVENT TIME:
AAPL
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS