AAPL ▼ -0.5% - Apple Inc. $AAPL - CITI: IPHONE 18 ULTRA COULD TOP $2,000 Apple’s iPhone 18 lineup is expected to launch September 9, led by its first foldable model, the iPhone Ultra, priced above $2,000. Pro models could rise by around $200. Key upgrades include A20 2nm chips, Apple modems and improved cameras. Citi forecasts 61.8M iPhone 18 shipments in H2 2026 and 246M total iPhones this year. Key suppliers include Foxconn, TSMC, Samsung Display and LG Innotek. Apple shares fell 0.5% despite analyst forecasts for strong iPhone 18 demand, with Citi projecting 246 million total iPhone shipments this year and predicting the new foldable iPhone Ultra will command a premium price above $2,000. The modest decline suggests investors may be weighing the higher prices and anticipated $200 increase for Pro models against expectations for the upcoming launch cycle. 04-SEP-2026 06:00 AM ET