Apple analyst sees foldable iPhone promise, margin risk

The Duo's sales projection bump signals confidence in Apple's ability to enter the foldable market at scale, but the margin risk flagged is the real tension—premium pricing alone may not offset higher component costs. This matters for Apple's earnings mix, as a new high-end category could pressure overall profitability if production yields disappoint. The open question is whether Apple can sustain its typical gross margin discipline on a novel form factor, which would determine how the market weighs this launch against broader iPhone maturity.