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Apple's iPhone Duo foldable phone launches at $1,999 amid price hikes on existing models.

Apple's recent product launch introduced the iPhone Duo, its first foldable phone priced at $1,999. Simultaneously, the company increased prices on several existing iPhone models, including the iPhone 18 Pro series and older models like the iPhone 16 and iPhone Air, citing rising component costs.

Key points

  • Apple unveiled the iPhone Duo, its first foldable phone, priced at $1,999.
  • The iPhone 18 Pro series saw price increases of up to $300, while older models like the iPhone 16 and iPhone Air experienced hikes up to 21%.
  • Apple's new pricing strategy reflects the impact of rising component costs on its product lineup.

Sources

AI-generated from public news sources. Not financial advice.

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