- Apple shares gained about 2% to $321.08 as investors positioned for the Sept. 9 product event and speculation about a foldable iPhone.
- The launch is expected to introduce the iPhone 18 family, new Apple Intelligence features, a more intelligent Siri and 2-nanometer A20 Pro and C2 chips.
- Apple's Q3 revenue reached $109.4 billion and diluted EPS was $2.02, while global iPhone shipments rose 13% year over year; tight memory and advanced-chip supply remain risks.
- The iPhone generated $54.25 billion in the latest quarter, or 49.6% of total sales, raising pressure on the event to support upgrade demand and product mix.
Sources
- Apple Shares Rise 2 Percent to $321 Ahead of September 9 Event and Foldable iPhone Speculation
- Apple Is Launching Its First iPhone Under New CEO John Ternus on Sept. 9. Could AI Features and a Foldable iPhone Be in the Cards?
- Apple Shares Rise 1.2%, Increasing Value by $52 Billion Ahead of September 9 Event