Apple's Foldable Phone Launch and Oil Price Inflation Fears

Apple's $2000+ iPhone, Oil Gain Stokes Inflation Fear | Bloomberg Businessweek Daily 9/8/2026

Around 2020, Apple Chief Executive Officer Tim Cook returned from a trip to Asia unusually energized about a new product category: foldable phones. The project will reach its defining moment on Wednesday, when Apple is poised to unveil its first foldable phone. The introduction will also serve as a debut of sorts for CEO John Ternus, who took the job on Sept. 1. The timing of the leadership transition was meant to help herald a new era for Apple products and allow Ternus to be the one to unve...