Apple Readies Foldable iPhone Push as Ternus Faces $54B Test

Apple is gearing up for its first major product event under CEO John Ternus, with expectations centered on a foldable iPhone, premium handset upgrades, and Siri/on‑device AI. Quarterly iPhone revenue rose 22% to $54.25B (nearly half of sales), Services reached $30.74B, and gross margin hit 50.1%. The stock trades around $316.31, about 11% above GuruFocus’s GF Value of $284.87. Reuters projects foldable‑iPhone revenue exceeding $45B by end‑2027, underscoring the potential upgrade cycle; the piece notes Ternus must prove Siri and on‑device AI can monetize Apple’s enormous installed base.