A live blog of Apple's "Surprise and Shine" event, where new iPhone 18 Pro, Apple's first foldable phone, new Apple Watches, and AirPods are expected

Apple is holding its "Surprise and Shine" event, notably the first iPhone keynote led by new CEO John Ternus. The event is heavily anticipated to feature the debut of Apple's first foldable iPhone, a significant move into a new product category. Alongside the foldable device, new iPhone 18 Pro models are expected, though a standard iPhone 18 might be delayed until next year. The event could also include updates to Apple Watches and AirPods, as well as OS announcements. The company's foray into foldables aims to directly compete with established players in the premium smartphone market. However, potential supply chain issues and rising component costs suggest a possible price increase across new devices. This launch is critical for Ternus to make a strong initial impact and for Apple to assert leadership in the evolving mobile technology landscape.

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The "Surprise and Shine" event marks a pivotal moment with John Ternus at the helm, introducing what is expected to be Apple's first foldable iPhone. This product category, already populated by competitors, represents a strategic expansion for Apple into premium, innovative form factors. The foldable iPhone's success will be crucial for setting Apple's direction in the high-end market and could influence future device designs across the industry. The event's focus on high-end 'Pro' models and a foldable suggests a continued emphasis on premium offerings.

Market implications are significant as Apple enters the foldable phone arena, potentially disrupting the existing market share held by Samsung and others. The introduction of a foldable iPhone could accelerate consumer adoption of this technology and drive further innovation from competitors. Investor sentiment will likely hinge on the device's reception, pricing strategy, and Apple's ability to scale production effectively, especially amidst ongoing supply chain challenges.

Technically, the development of an Apple foldable device involves overcoming significant engineering hurdles related to screen durability, hinge mechanisms, and software optimization for flexible displays. Success here could demonstrate Apple's advanced R&D capabilities and its commitment to pushing hardware boundaries. Observers will be watching for proprietary solutions to common foldable issues like screen creasing and device thickness, which could set new industry standards.

Looking ahead, the key factors to monitor will be the specific features and pricing of the foldable iPhone, its availability, and Apple's long-term strategy for this new product line. The potential delay of the standard iPhone 18 and the impact of rising component costs on device pricing will also be critical to track. Furthermore, how Ternus and Apple articulate their vision for innovation following this event will shape expectations for future product cycles.