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Apple unveiled its first foldable iPhone at $1,999 during Wednesday's "Surprise and Shine" event. Analysts said the lower-than-expected price could pressure hardware gross margins even as the device drew broad praise.
Benzinga (via TradingView News) reports that BofA Securities cut its Apple price target to $370.00 per share from $380.00.
Apple Inc. (NASDAQ: AAPL ) reported the best June quarter in its history on Thursday, but shares still plummeted early Friday. Revenue records in every geographic segment it operates in, with iPhone growth of 22% and the best Mac quarter the company has ever had. The company beat Wall Street estimates. Shares fell 9.7%