Apple foldable iPhone Duo launches with mixed analyst reception

Apple's foldable iPhone Duo launched with a base price of nearly €2,300 and a 2TB version at nearly €3,800. The device weighs 254 grams, lacks Face ID and a separate telephoto camera, and has a 4MP inner camera. Morgan Stanley reported average pre-order wait times of 14 weeks, the longest in ten years, with only approximately 7 million units planned for the second half of the year. Jefferies noted that grey market premiums in Hong Kong were only 10-17%, below the expected 30-50%. Analyst price targets range from $271, according to Jefferies, to $400, according to Dan Ives. Jefferies expects product margins to fall by approximately 4 percentage points in 2027 due to higher memory and chip costs. Apple's stock is near $348, with a P/E of 39. Goldman Sachs reported that Apple increased Duo orders by 30% while cutting iPhone 18 Pro orders. Analysts are divided; Jefferies advises underweighting due to margin pressure, while Dan Ives sees potential for $400, viewing the device as a convincing glimpse of the future but with a long to-do list. Dan Ives described the iPhone Duo as a surprisingly convincing glimpse of the iPhone of the future, but with a long to-do list for Generation 2.