Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: High expectations for Apple’s new CEO ahead of foldable iPhone launch, Bloomberg reports
Apple’s recent stock surge is putting heavy pressure on incoming CEO John Ternus as the tech giant prepares to unveil its first foldable iPhone. Shares have rallied on hype around the launch, but high valuation multiples, slowing earnings growth, and rising memory costs leave little room for error. Wall Street is watching closely to see if the high-priced device can ignite a major upgrade cycle and defend Apple’s profit margins while the company works to catch up in AI.
