In a bold prediction, a Wall Street analyst suggests that Apple is set to disrupt the smartphone market with the launch of its first foldable iPhone later this year. The source notes that this anticipated release could challenge the current dominance of Samsung in the foldable segment.
Forecast for Foldable iPhone Debut
Citi analyst Atif Malik forecasts that the foldable iPhone will make its debut at Apple's annual fall event, alongside the highly anticipated iPhone 18 Pro and Pro Max models. The new device is expected to carry a price tag of approximately $2,000, positioning it as a premium offering in Apple's lineup.
Sales Projections and Market Impact
Initial sales projections are optimistic, with estimates suggesting that Apple could sell around 8 million units by 2026. This figure would account for roughly 3 percent of total iPhone shipments, indicating a significant market entry for the foldable model. Analysts believe this move could incentivize existing iPhone users to upgrade, especially as research indicates that many are holding onto their devices for longer periods.
The Qwen app recently achieved a remarkable milestone by surpassing 100 million monthly active users, showcasing its rapid growth as a leading AI superapp. This development contrasts with Apple's anticipated entry into the foldable smartphone market. For more details, see more.
