Dan Ives: Apple's $1,999 Foldable Phone Could Account for 20% of iPhone Revenue

Wedbush analyst Dan Ives predicts that Apple's potential foldable phone could generate about 20% of the company's iPhone revenue. Ives noted that the device, expected to be positioned with a $1,999 price tag, could provide a significant revenue contribution in the high-priced segment. According to the analyst's assessment, approximately 300 million iPhone users have not upgraded their phones in four years. This situation creates strong demand potential for the foldable model as well as for the overall iPhone upgrade cycle. Ives stated that the foldable device will be positioned as a premium option in Apple's product portfolio and could raise the company's average selling price. Such a move is seen as a new growth lever for Apple's iPhone revenues. This forecast is an analyst prediction for a product that Apple has not yet officially announced. There is no official statement on whether the company is developing a foldable phone or when it will launch. Not investment advice.

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Dan Ives' optimistic forecast regarding the foldable iPhone is generating positive news flow about long-term revenue potential. However, the price has declined 2.24% in the last 24 hours to $320.45, and the MACD is in negative territory below the signal line; short-term momentum is weak. The RSI is at 56, in neutral territory, and the price is above the SMA20 but squeezed near the SMA50. While the news is a medium-term theme, it could trigger limited buying in the short term; the $316-321 range is critical. Therefore, I am cautiously turning the direction upward, but confidence is low.

RSI 14

56.3

MACD

-1.70

24h Δ

-2.24%

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