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Apple shares rise over 2% premarket as iPhone Duo sells out

NewsFeeds update

Apple shares rose more than 2% in premarket trading and were set to open at a record high, according to MSX.COM data. The company's first foldable phone, the iPhone Duo, sold out across all models within a minute of going on sale.

MacroOdailyAINeutral

Read the original on Odaily

The story so far: Apple iPhone Duo launch

Apple's first foldable phone, the iPhone Duo, sold out across all models within a minute of going on sale, lifting shares to a record high. Apple now says iPhone Duo output is constrained and cut holiday-quarter gross margin guidance to 45%-46% on memory and cloud costs.

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  1. Apple shares rise over 2% premarket as iPhone Duo sells out

  2. Apple guides holiday-quarter gross margin to 45%-46% on memory costs

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Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.