Gene Munster Says Apple Regained 'Device Design Mojo' With $1,999 iPhone Duo: 'They're Going to Sell More Than I Thought'

On Wednesday, Apple Inc. (NASDAQ:AAPL) unveiled the iPhone Duo at its first major product event under CEO John Ternus, marking the company's entry into the foldable smartphone market.iPhone Duo Gets

Benzinga10:06

Apple, Meta, AeroVironment, SUNation Energy and American Eagle Outfitters: Why These 5 Stocks Are on Investors' Radars Today

Major U.S. indices closed lower on Wednesday, with the Dow Jones Industrial Average falling 0.77% to 52,380.66, the S&P 500 declining 0.48% to 7,636.36 and the Nasdaq dropping 0.64% to 26,253.34.

Benzinga09:42

Apple Folds. Meta Soars.

Apple unveils its first foldable iPhone at $1,999. Meta jumps 6.6% after launching Muse, its personal AI agent.Apple finally put a hinge in the iPhone. Meta put a new AI agent in front of users.

Benzinga08:19

Energy Index ETFs have surged 48% year-to-date! U.S. energy stocks remain "cheap" despite the rally: sustained high oil prices could drive a valuation recovery.

The Energy Select Sector SPDR Fund, an ETF tracking U.S. energy stocks, has surged 483% year-to-date, significantly outperforming all other S&P 500 sectors. Despite this rally, the energy sector remains one of the lowest-valued segments within the S&P 500. While elevated oil prices have generated excess profits for energy companies, Wall Street previously viewed this earnings growth as transient. However, if high oil prices persist longer than expected, the valuation re-rating of energy stocks may only just be beginning.

wallstreetcn07:31

Apple unveils foldable-screen iPhone; analysts see potential but warn of margin risks

Bloomberg Intelligence has raised its first-year sales forecast for the iPhone Duo to approximately 14 million units, with potential revenue reaching $28 billion. However, the pricing strategy has sparked market concerns: while the iPhone 17 and Air series maintain their original prices, the price increase for the Pro series is lower than expected, creating significant margin pressure amid rising supply chain costs. Analysts believe Apple aims to trade margins for volume and offset these pressures by optimizing its high-end product mix.

wallstreetcn05:31

The scale of the U.S. Treasury buyback expansion fell short of expectations, leading to disappointment-driven rises in long-term bond yields and a shift toward dollar buying, with the USD/JPY rate moving from 153.09 to 153.80 yen.

[London Market Overview] On the 9th, the USD/JPY pair traded firmer in the London foreign exchange market. Prolonged turmoil in the Middle East strengthened the upward trend in crude oil prices. Heightened awareness of resulting inflationary pressures supported dollar buying, pushing the pair higher from 153.10 to 153.73 yen. The EUR/USD pair weakened amid the dollar-buying sentiment, lowering its floor from $1.1643 to $1.1621. The EUR/JPY pair followed the USD/JPY higher, rising from 178.26 to 178.81 yen, but momentum stalled due to reduced yen buying.

Fisco Japan05:22