Apple shares slip as iPhone price hikes steal foldable’s thunder

Apple shares declined following the launch of the iPhone Duo, the company's first foldable iPhone. Introduced by CEO John Ternus, the device enters the market at a price of $1,999, arriving over seven years after Samsung's initial foldable offering. Investors reacted mutedly to the release, as significant price hikes overshadowed the innovation. Meanwhile, consumers have debated whether the £2,000 price point is justified for the new hardware, questioning the overall value of the latest tech giant innovation.