Apple's foldable iPhone event is underway at Apple Park, the first iPhone keynote led by new CEO John Ternus. The showcase is expected to debut the iPhone Duo priced at $1,999 while the standard iPhone 18 may slip to next year amid rising costs.

Finished Ultra→Duo correction on TLDR left from an earlier partial fix; official name iPhone Duo starts at $1,999.
Corrected foldable name from iPhone Ultra to iPhone Duo and price from “exceeding $2,000” to official $1,999 starting price.
Sources indicate it will be named the iPhone Ultra and carry a price exceeding $2,000.
It represents an unconventional keynote that could usher in a new era for Apple with the foldable device debut.
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9to5Mac: Bloomberg reporter Mark Gurman stated that Apple will deploy large quantities of iPhone Duo demo units at major stores, including over 150 at the Fifth Avenue location in New York, to support hands-on access ahead of the October 23 launch.
DigiTimes: Apple's iPhone 18 Pro lineup shows mixed demand signals weeks after launch. Reports of component order cuts contrast with stronger demand for the Pro Max and foldable iPhone Duo amid rising memory costs.
Apple plans to launch Apple Intelligence in mainland China in December with iOS 27.3, Bloomberg reports. The first release would include the features that reached the U.S. two years ago, but not the new Siri AI.
Apple introduced HomeView, a smart display with a 7-inch Liquid Retina screen, Siri AI and face recognition for up to six users. It costs $299 (U.S.) in tabletop and wall-mounted versions. Pre-orders start today, with availability beginning Friday, November 13.
Apple announced HomePod mini 2 with an S10 chip, Sound Glow lighting and four-speaker surround sound with the new Apple TV 4K. It costs $149 (U.S.) in five colors. Pre-orders start today, with availability in stores beginning Friday, October 30. Siri AI comes in a future software update.