Apple shares fell 4% during its fourth-quarter earnings call
Ternus told Reuters a very small percentage of iPhone Duo units had been returned for display issues and that Apple is replacing them.
Supply is “constrained as of today,” he said, and Apple cannot predict when supply and demand will balance.
Bloomberg, citing Bloomberg Intelligence estimates, reported the device starts at US$1,999 and could generate US$28bn to US$32bn in fiscal 2027 sales.
Fewer than 60 percent of analysts tracked by Bloomberg recommend buying, and at least six downgraded the stock after the late July report.
Loop Capital cut to hold in October 2026 citing iPhone shipment trends, and Bank of America removed Apple from its US 1 list on Friday.
