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Story summary
- Apple unveiled the $1,999 foldable iPhone Duo on Sept. 9, with pre-orders Oct. 16 and release Oct. 23.
- John Ternus became CEO on Sept. 1, making this the first iPhone launch under his leadership.
- Apple shares slipped about 1% to $329, down over 4% from the $345.34 52-week high.
- Morgan Stanley cut its Apple price target to $355, forecast up to 20 million Duo units and $43 billion revenue by fiscal 2027.
