Apple unveils first foldable 'iPhone Duo' and higher-priced iPhone 18 Pro line

Apple's annual September showcase carries a different kind of excitement this year with John Turtis taking the stage for his first major product launch as CEO and the company announcing its first ever foldable iPhone. Susan Lee has the story. Apple's biggest iPhone redesign in years with the first ever foldable iPhone. But actually, there is one more thing. This is iPhone Duo. Apple says the Duo is the thinnest iPhone ever with the starting price just under $2,000. It's the size of a passport that can double up to a bigger screen and run multiple apps at the same time. But the iPhone Duo only has two cameras on the back, not three like the iPhone Pro models. Apple's playing catch up to Samsung, Google and other smartphone makers that have already had a foldable phone on the market for years. Folding phones are becoming more and more popular, but still only represent a small percentage of the global market. Meantime, the regular iPhone 18 Pro models will cost you $100 more this year. Both will include a faster chip, longer battery life and improved cameras that work better in low lighting in different environments. Apple had to raise prices on iPhones, Macs and iPads this year because of surging chip prices thanks to the AI boom. Now one new feature on the new Apple Watch, audio intelligence that listens to your conversations and transcribes them. Apple says it's all private and the feature can be turned off. This is the first Apple event under new CEO John Ternus, who took over from Tim Cook this month. No, no, no, no, no, not me. That's your guy. The foldable iPhone will be in limited supply to start since new devices take time to ramp up production, so you might have to wait a while before you get your hands on one. In New York, Susan Lee, Fox Business.