US Stock Market Moves | Apple (AAPL.US) continues to rise nearly 3% as Goldman Sachs says the first foldable iPhone may open up the mass market

According to Smart Finance APP, on Friday, Apple (AAPL.US) continued to rise nearly 3% intraday, currently trading at $334.78. Apple's first foldable screen iPhone has officially debuted. Goldman Sachs believes its pricing strategy and product design have both exceeded expectations, with the potential to open up the mass market and bring significant benefits to the Greater China supply chain.

Goldman Sachs noted that Apple's new foldable device is named "iPhone Duo," with a starting price of $1,999, which is lower than the starting price of the Samsung Galaxy Z Fold 8 Ultra in the US at $2,099.99. Goldman Sachs analysts Allen Chang, Verena Jeng, and others described this pricing as "affordable," indicating that despite constraints from high memory costs and strong specification configurations, Apple has still achieved a competitive price, which is likely to attract a broader consumer base.