NEW YORK — AT&T Chief Executive John Stankey did not treat Apple’s first foldable iPhone as a Jobs-era reset. He treated it as another book-style phone in a category his stores have already sold.

“The best characterization I can give is, looking at the foldable phones that have been out in the market, this is not new,” Stankey told Yahoo Finance at the Goldman Sachs Communacopia & Tech Conference on Wednesday, hours after Apple unveiled the iPhone Duo at $1,999. “Android users are as passionate about Android as iOS users are about iOS,” he said. They are “a smaller percentage of the U.S. market, but they are still passionate, and there’s been some really good foldable devices in the Android ecosystem for a couple years. And what we’ve seen is that it tends to function more as a specific niche type application as opposed to it’s broadly accepted.”

He left the door cracked. “Will iOS users view it differently or will there be some unique take that Apple comes up with that changes that penetration dynamic a little bit? I suppose it’s possible, but my guess right now is we’re going to kind of see it contained to a portion of the user base that wants that larger device and is maybe willing to invest more money to pick it up and get it.” On whether he would carry one: “I’m going to have to see if it replaces something that I use. I’m pretty adept at moving back and forth between my iPad and my mobile device right now. And if it becomes something where it says maybe I don’t need to carry the larger iPad around with me, I might be interested.”

That is a carrier talking about attach rates, not a keynote talking about magic. The Duo folds from a 5.4-inch cover display to a 7.6-inch inner panel with a matching 1:1.4 aspect ratio. Preorders open Oct. 16. Shipments start Oct. 23. Storage runs from 256GB at $1,999 to 2TB at $3,199. Apple CEO John Ternus framed rivals as unfinished work. “Others have created foldables that just feel like two phones awkwardly stuck together,” he said. Of the Duo: “It’s entirely new and at the same time remarkably familiar. A similar size to your passport, it feels familiar to hold and comfortable to use with one hand.”

Samsung spent Wednesday answering with hardware it already has on shelves. The Galaxy Z Fold 8, launched in July at $1,899, is listed at 201 grams. The Duo is listed at 254 grams. Hee-Cheul Moon, a Samsung research lead, told Wired the rivalry was “absolutely welcome” and that “the key to providing the highest customer value in this market is all about the weight of the device.” Seoul put up “Welcome to Foldables” and “The World’s Lightest Fold” billboards and posted lines on X that read as jabs at a late arrival.

Liz Lee, an associate director at Counterpoint Research, called Apple’s sticker the surprise. “Apple’s pricing was one of the most impressive parts. Keeping the iPhone Duo just under the $2,000 mark, at $1,999, and only about $100 above the Galaxy Z Fold 8 looks like a pretty bold move by Apple,” she said. “We expect that Apple will really change the competitive landscape in foldables, and Samsung will see the most visible share pressure. But Samsung also has scale, years of experience and strong global distribution.”

Counterpoint’s 2026 forecast puts Samsung at about 38 percent of global foldable shipments, Apple at 25 percent and Huawei at 22 percent, with Apple’s first-year volume capped near 6 million units by supply, not demand. Lee said even a short selling window would be “a very strong start.” An earlier Counterpoint note had Samsung at 32 percent and Apple at 25 percent depending on the cut of the year. IDC’s Nabila Popal told Wired foldables are still “around 2 percent by the end of this year of the global smartphone market.” In an IDC survey, 60 percent of consumers said they were not likely to buy a foldable at upgrade time — but almost 33 percent said they “absolutely” would if Apple made one. “Apple has such a strong market pull,” Popal said.

Francisco Jeronimo of IDC said Apple “set the price and the standard every rival will now be measured against.” Ben Wood of CCS Insight said Apple “has never been afraid to enter a product category once it has reached a certain level of maturity” and that the Duo “could act as a rising tide for all manufacturers.” Gene Munster of Deepwater Asset Management wrote that the phone is “sick,” with “no seam” and an ultra-thin body, and raised his fiscal 2027 revenue guess from 5 percent of iPhone sales to 10 percent. “They’re going to sell more than I thought before seeing it.”

Those forecasts and Stankey’s niche label can both be true. Foldables remain a sliver of phones and a larger sliver of premium revenue. Counterpoint sees the category rising from about 2.2 percent of global units in 2026 toward 3.1 percent by 2030, with a bigger share of dollars. AT&T will sell the Duo next to Fold 8s and Pixel folds. Stankey’s point is that passion for a hinge has not yet equaled passion for an iPhone.

Apple is selling software defaults — Split View, tent-mode StandBy, a crease it says you can feel but not see — to people who never bought a Galaxy Fold. Samsung is selling seven years of hinges and 53 fewer grams. Stankey is selling whatever customers will finance. His sentence that will follow the Duo into stores is the shortest: this is not new. The $100 gap and the Apple logo are what he is waiting to measure.

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Ingela Ulfves
Vice President of Investor Relations & Financial Communications

Good afternoon, everyone. A warm welcome to Fortum’s webcast for the investor community and today’s announcement of the historical and very significant strategic partnership and long-term PPA that Fortum and Google have signed.

My name is Ingela Ulfves, and I’m heading Investor Relations at Fortum. As always, this event is being recorded, and you will find a replay on our website later today.

With me here in the studio, as you can see, is our President and CEO, Markus Rauramo. Markus will briefly present the key strategic highlights and what this partnership and PPA means for Fortum. And following the presentation, we will then take your questions. We have reserved approximately 30 minutes for this event.

So without further ado, I now hand over to Markus to start.

Markus Rauramo
President & CEO

Thank you very much, Ingela. A warm welcome to this call also from my side. Today, Fortum and Google have announced a historical long-term strategic partnership that represents much more than a commercial agreement. It’s a unique partnership that supports growth, competitiveness and long-term prosperity, not only for Fortum, but also for Finland.

This extensive strategic partnership with Google is deeply founded in our 2 main strategic priorities: to deliver reliable energy to

A “social supermarket” offering low cost groceries and budgeting advice says it has had 600 sign-ups in its first year.

The Dartford Larder in Kent opened in July 2025 and operates a subscription model, where members pay £4.50 to visit each week for essential items including unlimited fruit and vegetables.

The facility, on Copperfields Walk, is run by Crossways Community Church, the Healthy Living Centre and Dartford Borough Council.

The church’s pastor, Stephen Brindley, said organisers had “achieved what we intended to with the project, which was giving people back dignity”.

He told the Local Democracy Reporting Service that users had welcomed the subscription system as they felt they were “giving something in return for what they were getting”.

He said: “When we were a food bank, there were many people who would not come through the door because of the stigma which was attached.

“The supermarket takes a lot of that away because, at the end of the day, it looks and operates as a normal supermarket.”

More than 75,000 items have been distributed since the Dartford Larder opened, according to the pastor.

He added: “We’re just doing it from our heart and our passion and I think it’s had a really, really good impact.”

Follow BBC Kent on Facebook, external, on X, external, and on Instagram, external and listen to BBC Radio Kent on Sounds. Send your story ideas to southeasttoday@bbc.co.uk, external or WhatsApp us on 08081 002250.

According to a filing with the exchange, the company said that through its step down subsidiary Suyog Urja Limited (SUL), has received a Letter of Intent (LOI) from Tata Power Renewable Energy Limited for the execution of EPC turnkey works for the development of a 180 MW NTPC Wind Power Project at Parli, Maharashtra.

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The LOI has a contract value of Rs 224.19 crore (including GST) and is to be executed by March 31, 2027.

The scope of work encompasses Wind Turbine Generator (WTG) foundation works, Balance of Plant (BoP) works, and 33 kV transmission line works. The WTG foundation package includes civil foundation works for 58 WTGs, along with associated reinforcement steel and geotechnical requirements.

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Under the balance of plant, Suyog Urja will undertake the development of an approximately 39-acre storage yard, coordination and management of Right of Way (ROW) for material movement, and construction of access roads, pathways and crane pads, along with other associated civil and infrastructure works.
The LOI also covers the construction and commissioning of the 33 kV transmission line, including route survey and design, supply and erection of poles/towers, conductors, insulators and associated hardware, as well as ROW-related activities and installation of STATCOM/harmonic filter systems. The company further said that this LOI further strengthens Enviro Infra Engineers growing renewable energy portfolio and reinforces its strategy of building diversified, integrated capabilities across the clean energy infrastructure ecosystem.

“The contract win marks an important milestone in strengthening our presence in the wind EPC segment and further validates the capabilities we have added through Suyog Urja. The 180 MW project reinforces our ability to participate in large-scale renewable energy infrastructure projects and complements our growing presence across solar, wind and energy storage,” said Sanjay Jain, Chairman, Enviro Infra Engineers.

“We remain focused on building a diversified renewable energy platform backed by strong execution capabilities, technical expertise and disciplined project delivery. As India’s renewable energy capacity continues to expand, we see significant opportunities to contribute to the country’s clean energy transition through reliable, high-quality infrastructure,” Jain further said.

Earlier, on Tuesday, the company announced that its step-down subsidiary, Suyog Urja, was awarded a contract to execute EPC Turnkey works for the development of the 180 MW NTPC Wind Power Project at Parli, Maharashtra.

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This contract includes supply of reinforcement steel and geotech, balance of plant (BoP) including developing a fully equipped 39-acre secure storage yard, coordinating ROW for seamless material transport, and constructing permanent and temporary roads, pathways, and crane pads, 33kV Transmission Line Works- Construction and Commissioning.

The project is to be executed by March 31, 2026 and the total contract value is Rs 189 crore excluding GST.

Enviro Infra Engineers share price movement

In the current calendar year so far, the stock has gained 4.53%, but is down 14.47% over the past year.

Enviro Infra Engineers is an integrated water and wastewater infrastructure company with a presence across 17 states in India. It specialises in designing, constructing, and operating Water Treatment Plants (WTPs), Sewage Treatment Plants (STPs), Common Effluent Treatment Plants (CETPs), and Water Supply Scheme Projects (WSSPs).

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AUSTIN, TEXAS — Cultured dairy products manufacturer Good Culture has expanded its C-Suite leadership team. The additions include naming Kirk Jensen as chief operating officer, Samantha Famous as chief people officer, and Sofia Salvadore as chief of staff.

Famous and Salvadore were hired to their roles earlier this year, the company said.

Jensen brings more than two decades of operations leadership in packaged foods, the company said.

His experience includes working for such companies as The Honest Kitchen, most recently as COO; Sovos Brands as COO and chief supply chain officer; and chief supply chain officer at Snyder’s-Lance, Inc.

Famous previously was senior vice president of people at Modern Animal and held similar positions at companies such as The Wing, Sweetgreen and Blue Apron.

Most recently, Salvadore was a private equity associate at L Catterton and earlier was an investment banking analyst at Goldman Sachs.

“We spent this year building a leadership team that matches the size of the business we’ve become,” said Jesse Merrill, chief executive officer and co-founder of Good Culture. “Bringing on Kirk, Samantha, and Sofia is a deliberate investment in how we operate, how we grow our people, and how we execute. Together, they bring the leadership and expertise we need to support Good Culture’s next phase while staying true to what makes this brand special.”