Apple’s Foldable iPhone Launch Amid Margin Pressures Fails to Stir Crypto Markets
Apple's anticipated foldable iPhone debut this fall—priced at a premium $2,000—projects modest initial sales of 8 million units (3% of shipments) with growth potential to 20 million by 2027. Citi analyst Atif Malik maintains a Buy rating but cut Apple's price target to $315, citing margin compression from rising memory chip costs. Shares lag behind AI-focused peers like Nvidia, gaining just 11% over twelve months versus the S&P 500's 15% rally.
The tech giant's recent Google Gemini partnership for Siri upgrades underscores its catch-up play in AI, yet crypto assets remain indifferent. No direct correlation to major coins (BTC, ETH, SOL) or exchanges (Binance, Coinbase) was observed. Market attention stays fixed on AI tokens and Layer 2 solutions (METIS, ARB) rather than hardware-linked crypto projects.