Apple Jumped 3.6% While the Market Fell — What the iPhone Duo Bet Is Actually Pricing

Apple added roughly $164 billion in market value on a day the S&P 500 fell for the fourth straight session — for a foldable that Counterpoint estimates will generate about $12 billion by year-end. That gap is the story. Here is what the market actually repriced, why rising yields helped Apple instead of hurting it, and the five dated tests between now and January that decide whether the move holds.