Early resale premiums for Apple's iPhone Duo are falling quickly in China. The article suggests buyers who waited are benefiting from this decline.
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
• NeutralApple Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Technology Hardware, Storage & Peripherals |
| Market cap | $5.1T |
| Close on 10/30/2026 | 344.79 |
| Change that session | -1.18% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- November Is Already Dated: HomeView Ships Nov 13, Wells Fargo’s Agent Contract Goes Live Nov 24, Black Friday Is Nov 27
As of October 28, the November dates are confirmed: Apple HomeView ($299 in the U.S.) ships November 13 after pre-orders opened October 13, and it is unavailable in the EU. The updated Wells Fargo Online Access Agreement takes effect November 24, and its Section 15 treats any agent-executed transaction as authorized by the customer without further verification, while the bank says agent use is “at your own risk” and that it does not monitor agent activity. Peak shopping runs from Thanksgiving on November 26 through Cyber Monday on November 30, so the first peak-season agent transactions at Wells Fargo will fall under Section 15 almost immediately. On readiness, 11% of small and mid-sized merchants and 19% of large merchants are agent-ready, while 58% of consumers research with AI, 17% are comfortable letting it finish a purchase, and 76% want a human review step before money moves.
- Apple's $1,999 iPhone Duo hits stores Friday amid limited supplies
Apple's first foldable smartphone, the iPhone Duo, goes on sale Friday at a starting price of $1,999, but supply is tight. Pre-orders sold out almost immediately and delivery times now stretch into late January, while Apple Stores have only limited units for walk-in customers. Scalpers are reselling the phone on sites like eBay for more than $4,000. The iPhone generated $209.58 billion of Apple's $416.16 billion revenue in 2025, well ahead of Services at $109.15 billion.
- Think the iPhone Duo is expensive? Skip Apple's insurance plan and 1 mishap could send your real cost soaring
The iPhone Duo, Apple's first foldable phone, is set to go on sale October 23. Under Apple's estimated service costs, AppleCare+ holders would pay 19 for cover layer damage, 58 combined for back glass and outer display damage, and 99 for inner display or other accidental damage, with battery service free. Without insurance, cover layer damage rises to 49, back glass and outer display damage to 509, and accidental damage to 1,499, on a device that starts at 1,999 for the 256GB model. Foldable repairs generally cost more because of hinges and flexible panels. A 2024 Allstate report found 78 million Americans damaged their smartphones the year before.
- Apple doubled the price of its TV streaming box from $150 to $300, and even the company's hardcore fans are furious
The new Apple TV 4K costs $299, a steep jump from the 2022 model that started at $129, and some longtime owners are sticking with their current boxes. Apple blamed the AI boom, saying data centers are buying so much memory and storage that chip prices have spiked and it couldn't keep absorbing the cost. The new model adds Siri AI, a beta assistant running on Apple Intelligence that can answer questions about on-screen content, and three built-in microphones for hands-free voice control. Siri AI will come to the 2021 and 2022 models via the tvOS 27.2 update but not to the 2017 model or Apple TV HD. Surround sound requires four HomePod mini 2 or second-generation HomePod speakers, with matching front and back models.
- Is Apple Stock a Buy During the Holiday Quarter?
The article says Apple is in transition as John Ternus recently took over as CEO from Tim Cook, and that the company benefits from an upgrade cycle but has lagged rivals on AI. Net sales for the first three quarters of fiscal 2026 reached $364 billion, up 16% from a year earlier. Analysts expect 15% growth for the current fiscal year, slowing to 11% in fiscal 2027 and about 8% in the holiday quarter. With a 39 P/E ratio compared with a forward P/E of 29 for Alphabet, the article argues slowing growth makes the stock less attractive, so investors should probably not add shares unless the price falls substantially or technicals improve. It stresses this is not a call for long-term holders to sell.
- Apple supplier Luxshare falls as Q3 profit growth slows; 9M profit misses forecast
Luxshare Precision shares fell 2.87% to 46.69 yuan on Friday after the Apple supplier reported slower third-quarter profit growth and missed its earlier nine-month profit forecast. Q3 net profit attributable rose 7% year on year to 5.21 billion yuan on revenue up 14.62%, down from the 18.04% profit growth in the first half of 2026. Nine-month profit of 13.06 billion yuan fell short of the 13.25 billion to 14.40 billion yuan forecast, as a stronger yuan, higher raw-material prices and rising expenses weighed on results, and financial expenses surged to 3.22 billion yuan. Luxshare expects 2026 net profit attributable of 19.09 billion to 19.92 billion yuan, up 15% to 20%.
Related markets
Latest news
- Stock Market Today, Oct. 30: Intel Plunges Nearly 29% as Weak Outlook Rattles Wall Street
Intel shares plunged 28.58% to close at $65.76, one of the steepest single-day declines in decades, despite the company beating quarterly earnings expectations. Investors reacted to weak fourth-quarter guidance citing softer PC demand, manufacturing constraints and ongoing turnaround spending. Trading volume reached 447.8 million shares, about 314% above the three-month average of 108.1 million. Intel’s Data Center and AI revenue rose 78% year over year to $7.3 billion, suggesting demand for data center infrastructure remains robust. AMD fell 10.88% to $504.80 and Nvidia dropped 4.22% to $204.64, while the Nasdaq Composite closed at 25,437, down 2.86%.
- Binance Hack Shows Why Offshore Exchanges Need US Oversight, CFTC Chair Says
CFTC Chairman Michael Selig told CNBC that the $6.4 billion Binance hack “proves our exact point” for the crypto-market rules the agency proposed this month, arguing offshore exchanges need U.S. oversight. He attributed the flaw to a vulnerability “introduced from someone’s laptop” rather than to Ethereum or its smart contracts, and proposed a “federal option” letting such venues register with the CFTC and meet U.S. cybersecurity standards. Binance, however, said its investigation had found “additional points of breach,” and that the attacker used EIP-7702 to turn a hot wallet into a “sweeper” with 50 pre-signed authorizations. Binance has set aside $6.34 billion to cover losses, while the Secret Service and FBI are investigating, and TRM Labs and Chainalysis have linked the theft to North Korea’s TraderTraitor group.
- Anthropic turns profitable but could go back into losses: Seaport analyst
Seaport Research Partners analyst Jay Goldberg views Anthropic's operating profit of almost $1 billion as likely temporary. He said the company has warned it may be profitable in the next quarter or two before returning to losses, as it shifts from leasing computing capacity by the hour from Amazon to building its own compute, which it considers a key competitive advantage and will spend heavily on. Goldberg described the relationship with Amazon (AMZN) and Google (GOOG, GOOGL) as complex, since Anthropic is both a major customer, with a large share of Amazon's AI revenue coming from it, and a potential competitor. He does not think conclusions about Anthropic can be drawn from this week's tech market moves, citing interest rates and an ongoing war. Anthropic's computing bill is falling quickly, which is good news for now, but that is expected to reverse as it starts buying its own compute.
- Why GE Vernova Stock Fell on Friday
GE Vernova shares fell as much as 4.9% in Friday's trading despite strong third-quarter results, with revenue up 27% year over year and orders surging 96% organically, amid an AI infrastructure stock sell-off. Backlog rose $20 billion to a record $197 billion, and management expects it to top $200 billion in the fourth quarter. The company will acquire Trench Group for $9 billion, funding half the price with debt, and several analysts cut price targets, including TD Cowen to $1,125 from $1,235 and Jefferies to $1,100 from $1,185. The analysts are not bearish on the stock but are concerned about conversion timing and limits on margin expansion. Management raised full-year guidance, lifting free cash flow at the midpoint to $16.5 billion from $12 billion, and doubled its buyback authorization to $20 billion.
- Orezone Files Technical Report for the Casa Berardi Updated Life-of-Mine Plan
Orezone Gold has filed the NI 43-101 technical report supporting the updated Life-of-Mine Plan for its Casa Berardi mine in Quebec, Canada, which was previously announced on September 15, 2026. The report, a Preliminary Economic Assessment with an effective date of June 30, 2026, is available on SEDAR+ and the company's website. Orezone states there are no material differences between the report and the results disclosed in the earlier news release. The company notes that Casa Berardi, which it recently acquired, has produced over 3.2 million oz of gold to date.
- Evercore ISI downgrades Reddit, says monetization may not offset traffic weakness
Evercore ISI downgraded Reddit to In Line from Outperform and cut its price target to $120 from $265 after the company's third-quarter results beat estimates but warned of declining traffic due to AI search summaries. Analyst Mark Mahaney said U.S. daily active users fell 2% year over year, and management warned global daily active users could drop by a low-double-digit percentage in the fourth quarter from about 130 million if search-referral losses continue at October's pace. Revenue rose 53% to $895 million and adjusted EPS was $1.40, but fourth-quarter guidance had a midpoint of $1.015 billion, below the $1.05 billion Wall Street estimate, and shares fell more than 29% on Friday. Evercore still views monetization positively but is less confident that it can offset pressure on user growth.
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.