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Apple Event Begins to Debut New Foldable iPhone, New CEO and New (Higher) Prices

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Why This Matters

Apple is holding an event that pairs a major product first—a foldable iPhone—with a major leadership first, as John Ternus takes the stage for his debut as CEO. The combination of a new flagship form factor and higher pricing signals how Apple plans to defend growth in a maturing smartphone market, and sets the tone for how a post-Cook Apple presents itself.

Key Takeaways
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John Ternus takes the stage for the first time as Apple’s new boss to show off an ultraexpensive new smartphone.