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Apple's Sept. 9 event highlights foldable iPhone and strong financials amid memory cost challenges

Market News
07 Sep 2026
24/7 Wall Street
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Bullish
Apple's Sept. 9 event highlights foldable iPhone and strong financials amid memory cost challenges

Apple's September 9 event is set to unveil the iPhone 18 Pro with advanced 2nm chips and the debut of a foldable iPhone, signaling continued innovation. Despite challenges like rising memory costs and exposure to China tariffs, Apple reported strong Q3 FY2026 results with $109.42 billion revenue and $29.79 billion net income, driven by a robust Services segment and effective pricing power. The company also continues rewarding shareholders through substantial buybacks and dividends, reinforcing confidence in its long-term growth and cash return strategy. Investors see this event as a confirmation of Apple's resilient business model and expanding product moat.

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