Apple Foldable iPhone Could Change Smartphones Forever
Apple's newly announced $1,999 'iPhone Duo' foldable smartphone is expected by analysts to drive mainstream adoption of foldable technology over the next decade. While high costs may limit initial sales, experts anticipate that price reductions and expanded leasing options will eventually make the form factor a standard market category.
Why it matters
Apple's entry into the foldable market is a significant milestone that could validate and accelerate the growth of a niche hardware segment currently dominated by competitors like Samsung.
AAPL Apple AAPL could turn foldable smartphones into a mainstream product category with the newly unveiled iPhone Duo, Bloomberg Strategist Mark Gurman said, pointing to the device's hardware, software and durability.
Apple introduced the $1,999 Duo on Sept. 9 as its first foldable iPhone. The device opens into a 7.6-inch display and is designed to combine the portability of a phone with a larger screen for tasks such as gaming, video and multitasking.
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