NEW YORK, July 6, 2026, 08:04 EDT
- Apple slipped 0.8% before the bell, giving back some ground after jumping 4.84% in the last session.
- The last session’s $14.25 rise per share was equal to around $209 billion in market value, with 14.69 billion shares outstanding.
- Ming-Chi Kuo’s new foldable iPhone forecast points to $16.1 billion to $20.0 billion in gross device sales for 2H26, based on his shipment and price ranges.
- Nasdaq 100 futures moved up 1.1% ahead of the open. S&P 500 futures were also higher, adding 0.44%.
Apple Inc NASDAQ:AAPL moved sharply in Monday’s premarket, a swing outpacing any concrete sales projections tied to its first foldable iPhone.
The stock was at $306.16 as of 7:01 a.m. EDT, off 0.8% in premarket, after ending the last session at $308.63, up 4.84%. U.S. markets closed Friday, July 3, for Independence Day observed. Regular NYSE hours are 9:30 a.m. to 4 p.m. ET.
| Apple market measure | Latest figure | Investor read |
|---|---|---|
| Last regular-session close | $308.63, up 4.84% | Stock jumped after a short holiday week |
| Premarket quote | $306.16, down 0.80% | Shares slipped before the bell |
| Shares outstanding | 14.69 billion | Used in the market cap calculation |
| Market value | $4.53 trillion | Remains a top index name by size |
| 52-week range | $201.50-$317.40 | Trading just under the 52-week peak |
| Last-session volume | 75.4 million shares | Well above the 65-day average |
The main number is the equity move. A $14.25 rise on 14.69 billion shares means about $209 billion in market value. That’s over 10 times more than the top of Kuo’s second-half 2026 foldable iPhone sales estimate, and that’s before costs, channels or accounting.
Ming-Chi Kuo at TF International Securities says his latest supply chain check points to 7 million to 8 million foldable iPhones shipped in the back half of 2026. He expects just 500,000 to 1 million in Q3 that year. Kuo sees the price running $2,300 to $2,500 and says the phone “could sell out immediately” on pre-orders. Medium
| Foldable iPhone math | Units | Price used | Gross-sales math |
|---|---|---|---|
| 3Q26 low scenario | 0.5 million | $2,300 | $1.15 billion |
| 3Q26 high scenario | 1.0 million | $2,500 | $2.50 billion |
| 2H26 low scenario | 7.0 million | $2,300 | $16.1 billion |
| 2H26 high scenario | 8.0 million | $2,500 | $20.0 billion |
| Apple’s latest regular-session market cap gain | — | — | About $209 billion |
The gap is key for investors. The stock isn’t trading just on first-quarter foldable shipments. The story is about whether an iPhone above $2,300 can push up Apple’s average selling price and carry the upgrade cycle through 2027.
Kuo said Apple’s foldable could follow the iPhone X playbook, getting announced alongside other devices but shipping later thanks to limited inventory. The real demand probably won’t be clear until late 2026 or early 2027, when launch buzz and supply issues settle down.
Stocks were steady early. At 7:24 a.m. ET, Dow E-minis fell 0.04%, S&P 500 E-minis rose 0.44% and Nasdaq 100 E-minis added 1.1%, Reuters reported. All three major U.S. indexes finished last week up about 2%. The Dow set a record close on Thursday.
“This week, investors are still debating tech valuations, asking if they’re too high or if they add up,” Ipek Ozkardeskaya, senior analyst at Swissquote Bank, told Reuters. Reuters
Apple turned in fiscal Q2 revenue of $111.2 billion, up 17% over last year. Diluted EPS hit $2.01, up 22%. CEO Tim Cook called it Apple’s “best March quarter ever.” The board approved another $100 billion for buybacks. Apple
The $209 billion jump in a single session is roughly 1.9x Apple’s most recent quarterly revenue and around 2.1x the company’s new buyback approval.
Apple says it will report fiscal Q3 earnings on July 30. Details are on its investor relations site.
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