AAPD·Direxion Daily AAPL Bear 1X Shares

AAPD (Direxion Daily AAPL Bear 1X Shares) is a fund giving 1x inverse daily exposure to Apple Inc. (AAPL); it moves opposite to that security. On Oct 20, Bank of America released a new tracker indicating that the wait time for Apple’s $1,999 foldable iPhone Duo would be cut in half, with the device expected to reach consumers by 2027, earlier than prior forecasts. On the same day, Apple announced that its first foldable iPhone, the Duo, would launch on Oct 23 with pre‑orders only, and delivery was projected for late January 2027, prompting retail staff to warn customers that in‑store purchases would not be possible. Also on Oct 20, analysts at Loop Capital downgraded Apple to Hold and lowered its price target to $330, citing weak demand for the iPhone 18 and rising component costs that could erode margins, while UBS analysts warned that rising memory costs and a slowdown in iPhone sales could strain Apple’s gross margin ahead of the November 2 earnings report. UBS projected Apple’s September‑quarter revenue at $112.8 billion, with $56 billion from iPhone sales, and cautioned that an in‑line quarter and outlook might not generate significant share‑price upside. Finally, on Oct 20, Meta CEO Mark Zuckerberg publicly thanked Apple’s new CEO for supplying high‑end Mac Studios that power Meta’s latest AI model, highlighting the collaboration between Apple’s hardware and Meta’s software.