BUSINESS

CUPERTINO, Calif. — Apple's first foldable, the iPhone Duo, arrived on Sept. 9 at a starting price of $1,999, $100 above Samsung's Galaxy Z Fold 8. That is not an obvious bargain. It is a bet that a tighter seal, a newer chip and the iPhone software stack outweigh a phone that is already on sale, 53 grams lighter and $100 cheaper in the United States.

Elon Musk's smartphone choice remains a mystery, with sightings of both iPhones and Samsung devices. Despite public appearances, Musk has not confirmed a primary device, reflecting his dual-platform usage.

Megaport's stock rose 5.72% as the company forecasts significant growth in AI compute infrastructure, backed by strategic investments and acquisitions, positioning itself as a leader in automated infrastructure services.

Apple's first foldable iPhone, the iPhone Duo, introduces 21 innovative features tailored for its dual-display design, enhancing multitasking and user experience with iOS 27's new capabilities.

Apple's iPhone Duo, its first foldable smartphone, introduces Touch ID, dual screens, and innovative camera features. Priced at $1,999, it aims to revolutionise the smartphone market.

Australian shares experienced their worst trading day since March, with the ASX 200 index dropping 1.53% due to rising oil prices and global bond yields, erasing weeks of market gains.

Nike's shares have hit a 52-week low as the company faces ongoing challenges in China and a volatile market environment, with a multiyear turnaround plan still in progress.

ServiceTitan's shares fell sharply after surpassing Q2 estimates but providing weaker guidance for the next quarter, raising concerns about future growth and strategic focus.

The U.S. destroyed five Iranian oil tankers following missile attacks on a Navy warship, escalating tensions in a six-month conflict affecting global oil prices and regional stability.

Apple's entry into the foldable smartphone market sparks debate among analysts about its potential to challenge Samsung's dominance, with questions about pricing, durability, and market expansion.

AMD anticipates doubling its data-center sales to $70 billion by 2027, driven by AI market growth and increased demand for GPUs and CPUs, despite challenges in supply constraints.

Micron Technology's stock surged past $1,000 as AI-driven demand for memory boosts revenue and market value, with strategic agreements securing future growth despite potential supply challenges.

Marvell Technology's stock surged 241% over the past year, driven by trust with hyperscale customers and a $6.5 billion increase in its two-year sales outlook, according to CEO Matt Murphy.

Amazon's stock dips as it navigates a sterling bond sale, legal challenges, and increased capital spending driven by AI and AWS expansion, raising questions about future financial returns.

Apple's 'Surprise and Shine' event unveils the first foldable iPhone, new Apple Watches, and AirPods. The event marks John Ternus's debut as CEO, succeeding Tim Cook.

Apple introduces its first foldable iPhone at a major event led by new CEO John Ternus, aiming to transform the niche market while addressing pricing and AI advancements.

U.S. stocks opened lower amid surging oil prices linked to U.S.-Iran tensions and anticipation of Apple's product event. Trade disputes and Federal Reserve policy expectations add to market pressures.

Apple is set to launch its first foldable iPhone, the iPhone Duo, at a major event. The device features a dual-display and advanced technology, marking a significant innovation for the company.

Qualcomm partners with Amazon to develop custom silicon and connectivity solutions for AWS's AI infrastructure, boosting Qualcomm's market value and marking a significant move into the AI market.

Austal Ltd. shares rose 7.13% following a non-binding offer for its US shipbuilding operations from Wildcat Resources, highlighting potential strategic shifts and regulatory considerations.

Minerals 260's Bullabulling Gold Project has significantly boosted the company's market value, with shares climbing over 10% as the project progresses towards a final investment decision by 2027.

Apple's 'Surprise and Shine' event will unveil the foldable iPhone Ultra, updated iPhone 18 models, and more. Consumer interest is high, but price expectations may not align with reality.

Tasmea Ltd. shares rose 7.42% to $9.99, driven by its acquisition strategy, including the Maxim Group deal, amid Australia's data center and electrification infrastructure boom.

Australian shares fell to a six-week low amid Middle East tensions and rising oil prices, sparking fears of an interest rate hike. Consumer confidence also dropped, impacting retail and banking stocks.

President Trump demands Bombardier manufacture jets in the U.S., threatening a sales ban. This comes as Canada imposes retaliatory tariffs on U.S. goods, escalating trade tensions.

Broadcom's stock rises following a positive earnings report and increased price target, driven by AI chip partnerships with Google and OpenAI, despite initial investor caution and market volatility.

Oracle's stock rises ahead of its fiscal first-quarter earnings report, with investors keenly watching its cloud infrastructure growth and financial strategy amid concerns over capital spending and debt.

Apple's September event is set to unveil its first foldable iPhone, the iPhone Ultra, alongside other new products like the Home Hub, marking a significant moment under new CEO John Ternus.

Vinted users experienced widespread access issues, with outage reports peaking Tuesday morning. The disruption affected login and app functionality, drawing attention from users globally.