Apple expected to announce the biggest iPhone update in its history, as new CEO John Ternus prepares launch of foldable device

Apple is expected to unveil its first foldable iPhone this Wednesday, marking the biggest iPhone update in the company's history. New CEO John Ternus faces significant pressure to deliver on this highly anticipated device following a $570 billion summer surge in Apple Inc.'s valuation. This upcoming event is regarded as the most anticipated in years, as the market looks toward the launch of the foldable technology to sustain the company's current momentum and growth.