Apple drops its folding iPhone. Our first reaction, plus the other key launch news
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
TL;DR
- Apple introduced the iPhone Duo, a foldable smartphone with a 5.4-inch outer display and a 7.6-inch inner display, priced at $1,999.
- The iPhone 18 Pro and Pro Max were also unveiled with upgrades and a $100 price increase, starting at $1,199 and $1,299 respectively.
- Kimberly-Clark lowered its third-quarter sales and earnings expectations due to postponed product launches, inventory adjustments, and higher freight costs.
- The company cited headwinds from distribution de-loading in the professional channel and increased logistics costs, potentially exacerbated by tariffs with Canada.
- Despite short-term challenges, the Investing Club maintains a positive long-term view on Kimberly-Clark due to the upcoming Kenvue acquisition.
- Key economic data, including the August producer price index and consumer price index, are scheduled for release prior to the Federal Reserve's upcoming policy meeting.