Apple confirmed a defect in the inner folding display of the $1,999 iPhone Duo, with some units cracking at the fold, and told affected owners to contact AppleCare for a replacement. The company has not disclosed how many units are affected, the cause, or a fix timeline. On October 26, 2026, shares fell 1.1% to $343.91, leaving Apple's market value at $5.019 trillion, about $19 billion above $5 trillion; a slide of roughly 0.4% to near $342.60 would erase that buffer. iFixit found a stress point where the screen's curved fold presses on the hinge's center support bar, near where breaks have been reported, though Apple has not confirmed a cause. The article argues the core business is largely protected, but the bigger risk is if Apple stays silent through its November 2 earnings report.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
AAPL
▼ Likely negativeApple Inc.
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Technology Hardware, Storage & Peripherals |
| Market cap | $5.1T |
| Close on 10/26/2026 | 343.98 |
| Change that session | -1.08% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- 1 Reason Apple Could Outperform in 2027
Apple (AAPL) is up 28% year to date as of Oct. 22, 2026, versus 12% for the S&P 500. Online orders for the $1,999 iPhone Duo, Apple's first folding phone, sold out quickly, pushing some deliveries to January, Reuters reported. Fiscal third-quarter revenue rose 16% to $109 billion. The author says this demand reinforces Apple's brand, which has over 2.5 billion active devices and 1.5 billion paid subscriptions, and that the new Siri AI could further support Duo sales. Still, the stock trades at about 36 times analysts' fiscal 2027 earnings estimates, and the author notes that growth beating the 8% consensus could boost earnings.
- Apple (AAPL) Faces iPhone Demand Pressure. Can Its Growth Justify the Premium?
According to Nikkei Asia, as reported by Reuters on October 9, Apple told some suppliers to reduce production of components for the iPhone 18 Pro and iPhone 18 Pro Max, cutting October orders by at least 15%. Weaker demand from late August through October may partly reflect a change in Apple's launch schedule, while rising memory-chip costs driven by AI data centers led it to raise iPad and MacBook prices in June. Supporting the case are more than 2.5 billion active devices and a record $30.7 billion in services revenue for the fiscal third quarter ended June 27, 2026, up 12% year on year. However, the iPhone 18 Pro ($1,199) and Pro Max ($1,299) are each $100 more than their predecessors, which could lead buyers to delay upgrades or choose cheaper options.
- Apple responds to user reports of broken iPhone Duo screens on new foldable phone
Apple's first foldable phone, the iPhone Duo, hit store shelves with a starting price of $1,999, but some users report that the inner screen breaks, showing horizontal bright lines from the hinge. Apple said it is aware of the issue, which affects a 'small number' of units, and will replace devices under AppleCare, while out-of-warranty inner-screen repairs cost $999. Most reports come from anonymous users on Reddit and X, and iFixit's teardown theorized that the hinge design, made of dozens of parts, may be involved. Breaking screens have been a major obstacle for foldable phones since 2019. Apple said developers are rapidly updating their apps to take advantage of the device's form factor.
- Apple Reportedly Increases iPhone Duo Production Orders by 30% Following Launch Demand
Apple has reportedly asked suppliers to increase iPhone Duo orders by 30% after demand exceeded initial stock, according to a Monday report by Taiwan's Economic Daily citing industry sources. The foldable device went on sale globally on Friday and reportedly sold out almost immediately, with the next round of shipments not expected to begin until 22 January. Estimated shipments for this year have reportedly risen from about 6 million units to between 8 million and 10 million, and the report projects 33 million units by 2027, though that is a projection rather than a confirmed target. Foxconn assembles the device and TSMC makes its main processor, and the iPhone Duo is priced well above comparable foldables from Samsung and Google. The report did not disclose the size of the initial inventory, so the sell-out does not reveal total purchase volume.
- Apple seeks more iPhone Duo supplies amid strong demand for debut foldable- report
Apple has asked suppliers to raise production and increase orders for the iPhone Duo by 30%, according to a Taiwan's Economic Daily report on Monday, citing strong demand for the company's first foldable phone. The device nearly sold out right after going on sale on Friday, and a second wave of shipments is only expected to begin on January 22. Estimated iPhone Duo shipments this year have risen from about 6 million units to between 8 and 10 million, with 33 million units expected by 2027. The phone is assembled by Foxconn, uses a core processor made by TSMC, and is priced well above comparable offerings from Samsung and Google.
- The iPhone Duo Launch Kicks Off a Crucial Few Weeks for Apple
Related markets
Latest news
- Ripple strikes deal with Robinhood to expand its RLSUD digital dollar
Ripple has struck a deal with Robinhood to expand use of its RLUSD stablecoin, settling institutional trades in RLUSD, automating Robinhood's treasury operations and widening access to digital asset trading and financing through Ripple Prime and Bitstamp, the exchange Robinhood acquired last year. Robinhood Crypto's general manager said utility is what moves stablecoins forward, while Ripple President Monica Long said stablecoins have become critical financial infrastructure. Circle, a Ripple competitor, is pursuing a similar model with the Circle Payments Network launched earlier this year. RLUSD's market cap has grown above $2.5 billion, while Tether's USDT and Circle's USDC still dominate a stablecoin market exceeding $300 billion. RLUSD will also be listed on Robinhood's trading platform.
- AI Cloud Stocks Rise as CoreWeave Adds Denmark Capacity: CoreWeave and Nebius Climb 4%, Oracle Ticks Up
CoreWeave switched on its first Denmark data center at atNorth's Copenhagen facility, lifting its European footprint to nine data centers, and is extending its network with connection points in the UAE, India, Indonesia, Singapore, Australia, Korea and Japan. The first of these start later this quarter, with a full loop across four continents targeted by the middle of next year. CoreWeave stock was at $57.54, up 4% in morning trading, after a steep October decline tied to borrowing costs for AI infrastructure. Nebius rose 4% to $159.99 and Oracle gained 2% to $127.99, with the article noting Oracle's more diversified business. The article says CoreWeave's financing costs, which grow with each new site and network link, remain the key question.
- Fitch upgrades Techcombank's credit rating: Expanding advantages in the international capital markets
Fitch Ratings has raised Techcombank's Long-Term Issuer Default Rating from BB- to BB with a Stable Outlook, and its Viability Rating from bb- to bb. Fitch cited improvements in asset quality, business profile and risk management, along with prudent credit standards the bank maintained through volatile markets. The article highlights Techcombank's CASA ratio, which is among the industry's leaders, and a Tier 1 capital ratio of 14.1% in Q3 2026. According to the article, the upgrade strengthens the bank's reputation with international investors and widens its access to international funding sources.
- SoFi Jumps 11% as Lending Boom Drives Earnings Beat and Raised Outlook; Robinhood and Affirm Edge Higher
SoFi posted third-quarter 2026 results that beat expectations on revenue and profit, driven by lending, with record loan originations and a lower personal loan charge-off rate than the prior quarter. Management raised its full-year adjusted revenue and EPS outlook, even though its original guidance assumed rate cuts while rates have risen. SoFi stock rose 11% to $16.11 in morning trading, though it is still down 38% year to date. Robinhood gained 2% to $95 and Affirm rose 2% to $71.04, while the ARK Blockchain & Fintech Innovation ETF was essentially flat, suggesting the reaction is company-specific. The article notes that SoFi's lending-heavy model could face more balance sheet exposure and pressure on returns if borrowing costs keep climbing.
- JFrog and Industry Judges Recognize Global Brands Bringing Trust to the Software Supply Chain in the AI Era
JFrog announced the global winners of its inaugural Software Supply Chain Excellence Awards, nine honorees across the Americas, Europe, and Asia-Pacific, including Ford, NVIDIA, S&P Global, Rakuten Symphony, Singapore Airlines, and TSB Bank. The honorees span three categories: Unified Platform, Trusted AI Adoption, and Software Supply Chain Security. A cross-functional panel of industry leaders and experts judged entries on strength of vision and quality of metrics. The Convergence Award recognizes teams that moved from fragmented tools to a single governed platform shared by developers and security teams, while the Guardian Award honors teams that stop threats at the point of entry. JFrog said it identified over 900 malicious AI agent skills in the past year carrying high-impact payloads.
- Nvidia and Meta expand their AI partnership: What to know
Nvidia will invest $3 billion in Meta's equity offering, as Meta expanded its planned equity raise from 95 billion to 97 and a half billion. The common stock offering sold 25 billion, above the expected 22 and a half billion. The hosts note that although called a partnership, Nvidia is mostly selling chips to Meta, and the market may still read the deal as a bullish signal. They total recent financing deals, including a potential $100 billion Anthropic IPO, Meta's raise of roughly $100 billion, a $40 billion SpaceX GPU financing and a $63 billion Broadcom-Anthropic financing, at about $300 billion over 48 hours. They ask where the payoff for all this financing will come from.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.