Fans camp out for first foldable iPhone

Apple's stock rose 0.28% to $349.21 as its first foldable iPhone, the $1,999 iPhone Duo, launched. The device features dual screens but faces uncertainty over demand and its impact on revenue. Apple's strong fundamentals contrast with a high P/E ratio of 40.03, requiring sustained orders to justify valuation.

Apple surpassed NVIDIA in market value, reaching $5.12 trillion, after launching its new iPhone Duo. The stock rose over $351 per share, driven by high demand for the $2,000 foldable phone, with long lines at stores. Apple is now the most valuable company, with NVIDIA and Google following.

Apple's first foldable smartphone, the iPhone Duo, is now available. Customers queued overnight at Apple stores worldwide to purchase the new device. According to Apple, the iPhone Duo features a flexible display and advanced camera technology.

Apple Inc. (AAPL) launched its first foldable iPhone, priced at around $2,000, with high demand leading to supply shortages. Preorders were capped at two per buyer, and delivery dates quickly extended to January. IDC projects Apple to capture 44% of the foldable market's value by 2026. Early reviews praised the device's design but noted some limitations, such as the lack of a telephoto camera.

Apple surpassed Nvidia as the world's most valuable company on Friday, with shares reaching a new intraday high above $351, pushing its market cap to around $5.13 trillion. This shift occurred as Nvidia's stock faced pressure, and Apple's iPhone Duo, priced from $1,999, launched globally. Apple's new CEO, John Ternus, is focusing on accelerating product development and navigating supply constraints.

Apple launched its first foldable iPhone, the iPhone Duo, globally on Oct. 23. The device features dual displays and starts at $1,999. Customers lined up at the Detroit Apple Store, with some waiting overnight. The phone is Apple's largest display yet, powered by the A20 Pro chip. Pre-orders began on Oct. 16, and demand was high worldwide.