Samsung reports that the switching rate from iOS to its Galaxy Z Fold8 series is 1.6 times higher than the previous Fold7 and Flip7 models. In the US, 30% of Galaxy Z Flip8 buyers are new to the brand, having migrated from competitors. To facilitate this, Samsung updated its Smart Switch tool, allowing data transfer from iPhones via QR code without requiring app installation.
Apple has introduced the iPhone Duo, marking the first major product launch under CEO John Ternus, who succeeded Tim Cook on September 1. The device features a 7.6-inch inner display, a 5.4-inch outer screen, and a titanium body. Pricing for the model starts at $1,999 for 256 gigabytes of storage and reaches $3,199 for 2 terabytes.
Preorders for the iPhone Duo begin on October 16, with retail availability starting October 23 in the US and over 70 other countries. Counterpoint Research estimates that Samsung will hold a 32% share of the foldable market this year, while Apple is projected to capture 25%. Huawei maintains a significant presence in the Chinese market.
Following the announcement, Apple shares closed at $315.34, reflecting a 0.28% decline. Analyst Wamsi Mohan of Bank of America noted that Apple stock has historically dropped the day after 10 of its last 24 product launches, with trends typically reversing within 30 to 60 days. Evercore ISI maintains an Outperform rating with a price target of $365.
