Apple set to debut foldable iPhone

Ina Fried

John Ternus, Apple's incoming CEO, speaks at a product event in March. Photo: Adam Gray/Bloomberg via Getty Images

Apple on Wednesday sent invitations for a Sept. 9 event where the company is expected to unveil its first foldable iPhone and other new products.

Why it matters: The launch will be the first major Apple event under incoming CEO John Ternus, who takes over from Tim Cook next Tuesday.

The big picture: Apple is preparing its latest devices as rising demand for AI computing puts pressure on the cost of memory and other components used across the electronics industry.

What's next: The event begins at 10am PT at the Steve Jobs Theater at Apple Park.

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Apple set to debut foldable iPhone

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