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Ebube Jones

Analyst Sees 6 Million iPhone Duo Sales This Year. Why That’s Not Enough to Move AAPL Stock.

Apple AAPL Counterpoint Research Erik Woodring UBS

Apple’s (AAPL) first foldable iPhone is nearing its commercial debut, giving investors a new test of whether the company can create a meaningful new premium-hardware growth driver. Counterpoint Research expects Apple to sell about 6 million iPhone Duo units this year, providing an early demand benchmark for a device that is expected to become the company’s most expensive iPhone.

The forecast arrives after Apple shares closed at $330.32 on Oct. 1, up 21.50% year to date and 29.31% over the past 52 weeks.

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