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Apple Stock: Citi Says iPhone 18 Ultra Could Top $2,000

Citi expects Apple’s iPhone 18 lineup to launch September 9, led by its first foldable model, the iPhone Ultra, with a price above $2,000. Pro models could cost about $200 more than predecessors. Expected upgrades include A20 2nm chips, Apple-designed modems and improved cameras. Citi forecasts 61.8 million iPhone 18 shipments in the second half of 2026 and 246 million total iPhone shipments this year. Key suppliers include Foxconn, TSMC, Samsung Display and LG Innotek.

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