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Apple Unveils $1,999 Foldable iPhone and Hikes Prices Amid Rising Chip Costs

Dow Jones Newswires Read original source (opens in a new tab)
The Story

News Summary

  • Apple unveiled its first foldable iPhone starting at $1,999 under new CEO John Ternus.
  • The company also raised broader iPhone prices to offset rising memory and storage chip costs.
  • Apple shares slipped 0.3%, outperforming the broader market sell-off driven by surging Treasury yields and crude oil prices.
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AAPL price history

332.27 +20.75% over the displayed period

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