In an investor note seen by 9to5Mac, analyst Jeff Pu noted that while this week's iPhone price hike was better than feared, the iPhone Duo is still likely to drive demand for the cycle, as early consumer interest appears strong.

According to GF Securities' Jeff Pu, Apple's $100 price hike for the new iPhone 18 Pro models came in below market expectations, which had pegged it at the $200–250 range. He noted, however, that "the iPhone 18 series [will] likely face margin pressure, alongside limited hardware upgrades," adding that the analysis company remains "cautious on the iPhone 18 Pro product cycle."

When it comes to the iPhone Duo, Pu said the $1,999 device came in at the low end of the expected $2,000–2,500 price range and that he expects Apple to ship 7 million units through the end of the year.

Pu set a "hold" recommendation for Apple's stock, defining the iPhone 18 series as a modest cycle, with its potential margin pressure and limited hardware upgrades "partially offset by the support of iPhone Duo."