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Apple shares fell 1.1% to $312.65 ahead of its expected foldable iPhone launch
Apple shares fell 1.1% to $312.65 ahead of its first launch event under CEO John Ternus. Markets expect Apple to unveil its first foldable iPhone, potentially its biggest design overhaul since 2017. Analysts say the premium device could boost revenue, margins, and average selling prices. Apple shares are up more than 15% this year, trailing only Nvidia among the Magnificent Seven.
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