Dan Ives predicts the $1,999 iPhone Duo will drive a significant upgrade cycle, potentially accounting for $42 billion in annual revenue as Apple targets its aging installed base.
Dan Ives identifies Apple as a 'sleeping giant' following the unveiling of the $1,999 iPhone Duo, which he projects could capture up to 20% of total iPhone revenue. This optimism is fueled by a massive installed base of 300 million users who have not upgraded their devices in over four years, creating significant pent-up demand for a new cycle. Analysts like Gene Munster and firms like IDC support this bullish outlook, noting that the foldable category remains a growth outlier in a broader smartphone market facing shipment declines.
Dan Ives estimates the device could eventually account for 15% to 20% of total iPhone revenue, while Gene Munster estimates a 10% contribution by fiscal 2027.
The device is scheduled to go on sale on October 23.
Nvidia is mentioned in the context of Polymarket odds for largest company by market cap in 2026, with no direct business impact.
Wedbush analyst Dan Ives projects Apple's new $1,999 foldable iPhone Duo could eventually represent 20% of total iPhone revenue. With roughly 300 million devices overdue for an upgrade, the product launch aims to trigger a massive refresh cycle. Meanwhile, prediction markets favor Nvidia to retain the title of world's largest company by market cap through 2026.
Analysts estimate the device could account for 10% to 20% of total iPhone revenue, potentially adding billions to Apple's top line as users upgrade older models.
While Apple is launching new hardware to drive growth, prediction markets currently favor Nvidia to maintain its position as the world's largest company by market cap through 2026.