According to a research report published by Lyon, the shipping prospects for Apple's foldable iPhone Duo are more optimistic than most market expectations. It is expected to support product revenue and the average sales price of the iPhone mix, and help to better maintain profit margins as memory costs rise. The bank maintained Apple's “outperforming the market” rating and raised the target price from $355 to $405. The bank expects to ship 35 million foldable machines in fiscal year 2027 and 38 million units in calendar year 2027, far higher than IDC's forecast of 10.2 million units; it also assumes that about 75% of the first year comes from encroachment by existing iPhone users, but there is still room for revenue growth, and profit margins will also be better than expected. On the other hand, the service revenue forecast was lowered by 4% due to a slowdown in paid subscription growth; the bank believes that service growth should focus more on advertising than on paid subscriptions. According to the bank, after taking into account the increase in foldable machines, the revenue forecast for the 2027-2028 fiscal year increased by 7% to 8%, while the profit forecast increased by 2% to 2.4%. Overall, it is still 7% to 8% higher than market expectations.

According to a research report published by Lyon, the shipping prospects for Apple's foldable iPhone Duo are more optimistic than most market expectations. It is expected to support product revenue and the average sales price of the iPhone mix, and help to better maintain profit margins as memory costs rise. The bank maintained Apple's “outperforming the market” rating and raised the target price from $355 to $405. The bank expects to ship 35 million foldable machines in fiscal year 2027 and 38 million units in calendar year 2027, far higher than IDC's forecast of 10.2 million units; it also assumes that about 75% of the first year comes from encroachment by existing iPhone users, but there is still room for revenue growth, and profit margins will be better than expected. On the other hand, the service revenue forecast was lowered by 4% due to a slowdown in paid subscription growth; the bank believes that service growth should focus more on advertising than on paid subscriptions. According to the bank, after taking into account the increase in foldable machines, the revenue forecast for the 2027-2028 fiscal year increased by 7% to 8%, while the profit forecast increased by 2% to 2.4%. Overall, it is still 7% to 8% higher than market expectations.