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Apple's foldable iPhone demand soars, boosting stock despite high valuation concerns.

Market News
20 Oct 2026
CNBC
View Source
Bullish
Apple's foldable iPhone demand soars, boosting stock despite high valuation concerns.

Apple's new foldable iPhone pre-orders exceeded expectations, pushing delivery to late January, alongside strong launches of other products like Homeview and MacBook Pro. The company integrates advanced AI features with minimal capital expenditure, generating massive free cash flow and projected revenues over $500 billion by 2027. However, Apple's $5 trillion valuation poses challenges for further growth, with the stock trading at a high price-to-earnings ratio. Investors might consider options strategies to balance the high valuation risk with the company's strong product momentum and cash flow.

As of Oct 20, 2026 21:02 WIB, Apple shares trade at USD 341.96 on Pluang, down slightly by 0.29% in one day. The stock holds a market cap of $5.00 trillion and an enterprise value of $5.03 trillion, reflecting its massive scale. Despite the high valuation, Pluang order activity shows a nearly balanced sentiment with 51% selling and 49% buying interest.

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