New Apple CEO unveils latest iPhone lineup

Apple is unveiling its latest generation of iPhones this Wednesday at an event in Cupertino, California. The new lineup is widely expected to feature a foldable version of the smartphone. Investors are currently bracing for price increases across the entire smartphone range, with reports indicating the folding iPhone could cost $2,000. These anticipated price hikes are attributed to rising memory costs affecting the production of the new devices presented by the new Apple CEO.