China Renaissance Upgrades Apple (NASDAQ: AAPL) To Buy On $1,999 Foldable Sellout And Record Revenue

China Renaissance analyst Jack Zhou lifted his rating on Apple (NASDAQ: AAPL) from Hold to Buy on November 11, anchoring a $425 price target to the runaway commercial debut of the company’s first foldable iPhone. The iPhone Duo, priced at $1,999, sold out immediately following its launch, with delivery estimates for new orders now slipping into January, underscoring the pent-up appetite for Apple’s most ambitious hardware in years. Zhou’s bull case extends beyond the foldable itself, pointing to growth prospects across Apple’s broader product and services ecosystem as justification for the upgraded rating. The upgrade lands against a backdrop of record financial results, with Apple’s fiscal 2026 revenue reaching $479 billion, and management projecting the strongest holiday quarter in the company’s history.

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