Prediction: Even With the $1,999 Price Tag, Apple's Foldable iPhone Duo Will Be a Hit and Apple Will Join Nvidia in the $5 Trillion Club.

Apple's latest iPhones have arrived, and the company could be on the verge of reclaiming its position atop the market cap hierarchy. The stock's recent surge now places it just 2% shy of a $5 trillion valuation. Furthermore, Apple is now less than 10% away from surpassing Nvidia to become the world's most valuable corporation. The trend of Nvidia's stock climbing 26% over the past year doesn't reflect as favorably for Nvidia investors compared to Apple's more than 40% gain.

Apple's history of double-digit revenue growth in the year following the release of a groundbreaking iPhone model, followed by years of stagnation, ends with the highly anticipated iPhone Duo. Priced at a minimum of $1,999, the device breaks Apple's previous pricing record. Despite mixed reactions to Apple's pricier offerings in the past, the foldable iPhone Duo's unique passport-sized profile and carrier subsidies for multi-year contracts may attract a dedicated customer base.

If Apple's revenue growth rebounds to double digits, as analysts predict, it would mark the first such consecutive years since fiscal 2012.