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Apple Faces Sell-the-News Drop as Foldable iPhone Price Hikes Spark Worry

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The Story

News Summary

  • Wall Street anticipates Apple could unveil a premium foldable iPhone generating up to $14 billion in revenue.
  • However, steep price hikes and rising memory costs fuel concerns over consumer sticker shock, raising risks of a near-term sell-the-news reaction following the launch event.
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AAPL price history

333.08 +20.59% over the displayed period

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