Apple's Foldable Phone Has Arrived. Here's Why I Don't Think It'll Send the Stock Soaring
The stock's high valuation will likely put expectations incredibly high for the Duo.
Overview
Apple (NASDAQ:AAPL) recently unveiled its new iPhone Duo, a foldable phone priced at a whopping $1,999 — and that’s the starting price. The phone is priced at a premium for a company already known for premium-priced products.
If sales for the Duo take off, it could prove to be a massive growth catalyst for the business. But here's why I wouldn't hold my breath, and why I think there could be challenges ahead for the tech company.
Image source: Getty Images.
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Originally published at www.fool.com.
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