Apple puts iPhone Duo on sale as Apple stock nears earnings

Published on 10/23/2026 at 10:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Apple's foldable iPhone Duo launches on October 23, 2026 at USD 1,999. Apple stock costs EUR 308.93, 0.37 percent above the Xetra close.

Product launch and earnings calendar

Apple's iPhone Duo launch reached stores on October 23, 2026 at a USD 1,999 starting price.
Apple's fiscal fourth-quarter outlook calls for 9 percent to 11 percent revenue growth and 47 percent to 48 percent gross margin.
Apple stock trades at EUR 308.93 at 10:33 a.m. CEST at Lang & Schwarz on October 23, 2026, 0.37 percent above the Xetra close of October 22, 2026.

Schwarzweiß-Dokumentarfoto einer Elektronik-Fertigungslinie mit Arbeitern an Werkbänken — Dokumentarische Schwarzweiß-Reportage zeigt Fertigungshalle für Unterhaltungselektronik von Apple Inc., ISIN US0378331005, mit Arbeitern, Illustration mit AI erstellt.

Apple stock (ISIN US0378331005) was trading at EUR 308.93 at Lang & Schwarz on October 23, 2026 at 10:33 a.m. CEST, 0.37 percent above the Xetra close of October 22, 2026 at EUR 307.80. Apple's iPhone Duo went on sale on October 23 at a starting price of USD 1,999, according to PrimeXBT.

Foldable launch meets earnings test

The launch gives Apple a new premium product shortly before its next financial update. PrimeXBT says the iPhone Duo falls into the December quarter because the September quarter ended on September 26, 2026. Its effect on the upcoming report will therefore come mainly through management's outlook rather than reported September-quarter sales.

Apple's fiscal third-quarter revenue reached USD 109.4 billion and diluted earnings per share were USD 2.02, according to PrimeXBT. Earnings per share exceeded the cited USD 1.89 consensus by USD 0.13, giving investors a concrete benchmark for the next release.

What will margins mean?

Apple's fiscal fourth-quarter guidance calls for revenue growth of 9 percent to 11 percent year over year and a gross margin of 47 percent to 48 percent, including a tariff-refund effect, PrimeXBT reports. The margin range matters because memory costs are becoming a direct counter-factor to higher hardware prices.

Loop Capital downgraded Apple to Hold from Buy on October 20, 2026 and cut its price target from USD 370.00 to USD 330.00, citing weaker confidence in a recovery of reduced iPhone shipments, according to Investing.com. The same report identified rising memory costs as a potential gross-margin risk.

Three dated Apple milestones

On July 30, 2026, Apple reported fiscal third-quarter revenue of USD 109.4 billion and diluted earnings per share of USD 2.02. On October 20, 2026, Loop Capital lowered its Apple price target from USD 370.00 to USD 330.00. On October 23, 2026, the USD 1,999 iPhone Duo went on sale.

Upcoming reporting dates

Apple's next reporting date is November 2, 2026, when fiscal fourth-quarter results are scheduled after the US market close. The first regular session after the release is November 3, 2026, according to PrimeXBT.

Apple stock stays near its range high

Apple's primary listing is on the Nasdaq, where the finance quote showed a USD 5.1 trillion market capitalization as of October 22, 2026 and a 52-week range of USD 243.42 to USD 348.36. The euro quote remains below the Xetra 52-week high of EUR 311.55, while the next major company-specific test is the November earnings release.

Apple stock was trading at EUR 308.93 at Lang & Schwarz on October 23, 2026 at 10:33 a.m. CEST, 0.37 percent above the Xetra close of October 22, 2026 at EUR 307.80. The further course of trading is shown by the continuously updated real-time quote of Apple stock.