TechApple’s Rally Pressures New CEO to Deliver on $2,000 Foldable iPhone

Apple’s $570 billion summer rally is raising expectations for new CEO John Ternus ahead of Wednesday’s unveiling of the foldable iPhone. The stock has gained 15% since June 25, when Apple announced price increases across many products and suffered its worst day in more than a year; much of the rebound has been fueled by excitement over the new lineup.