The iPhone Duo is a big step for Apple, but US$1,999 is very expensive.
I like the product because it could:
Create a new premium iPhone category
Increase Apple's average selling price
Encourage some users to upgrade
Create more demand for foldable components
But the biggest question is consumer demand.
People may think the Duo is impressive but still decide US$2,000 is too much. We need to see pre-orders, sales numbers and customer reviews.
For AAPL, I would watch actual sales and profit, not just the excitement around the launch.
Bottom line:
The product looks promising, but price is the biggest risk. I would wait for real sales data before becoming more bullish.
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