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Apple Holds ‘Surprise and Shine’ Keynote as John Ternus Makes First Major Onstage Debut

Reports say Apple may unveil a foldable iPhone that would not ship until October, testing its supply plans.

Overview

  • Apple is livestreaming its ‘Surprise and Shine’ event from Cupertino at 10:00 a.m. Pacific on Wednesday with John Ternus presenting, and the company is expected to confirm new hardware and software timing.
  • Multiple outlets expect Apple to reveal iPhone 18 Pro and iPhone 18 Pro Max updates plus refreshed Apple Watch models and new AirPods during the keynote.
  • Widespread leaks describe a book‑style foldable iPhone with a roughly 5.3–5.5‑inch outer screen and a 7.6–7.8‑inch inner display, dual 48MP rear cameras, Touch ID instead of Face ID, and advanced A20‑class chips.
  • Several reports place the foldable’s starting price in the roughly $2,000–$2,500 range and say initial supply could be constrained, while Bloomberg‑sourced accounts indicate the device may not reach stores with the Pro phones and could ship in October.
  • Industry analysts and supplier reporting say tight DRAM, NAND and advanced packaging capacity are driving Apple to prioritize higher‑margin Pro models, which could limit early inventory and push premium pricing for complex devices like the foldable.