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Analyst Dan Ives stated that Apple's $1,999 foldable iPhone Duo is expected to contribute 20% of iPhone revenue.
Analyst Dan Ives stated that Apple Inc.'s new $1,999 foldable iPhone Duo could eventually account for 20% of iPhone revenue. He noted that approximately 300 million iPhones have not been upgraded in over four years. Gene Munster of Deepwater Asset Management also raised his forecast for Duo's contribution to iPhone revenue in fiscal year 2027 from 5% to 10%. Apple's stock closed down 0.28% on Wednesday at $315.34.
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