Apple Inc. is reportedly set to launch foldable iPhones and ultralight devices by 2026. The company is developing a thinner iPhone model that is expected to be more affordable than the Pro versions, featuring a simplified camera system to reduce costs.
Sources indicate that Apple is also working on two foldable devices: a larger model that unfolds to a 19-inch screen and a smaller foldable iPhone. Technical challenges related to hinge and display cover technology have delayed these designs, but the company aims for a 2026 release.
While Apple initially planned to release the larger foldable device first, it now appears the foldable iPhone will debut sooner. Executives are targeting a 2026 launch for the foldable iPhone, though additional time may be needed to address ongoing technical issues.
The ultrathin iPhone is expected to appeal to consumers prioritizing sleek design over advanced features found in Pro models. Analyst Jeff Pu noted that current foldable phones do not meet Apple’s standards for thinness, lightness, and energy efficiency.
This initiative aims to stimulate consumer interest amid stagnant smartphone sales. Apple's iPhone business, a significant revenue contributor, has experienced minimal growth. Earlier reports indicated that Apple is also developing a thinner version of the iPhone 17, dubbed the 'Air,' which could reignite consumer interest.
Apple's iPhone sales saw a slight 0.3% decline year-over-year in the third quarter, yet demand for the iPhone 16 series remained steady. The company regained the second position in China’s smartphone market, securing a 15.6% share.
In October, Apple reported fiscal fourth-quarter revenue of $94.9 billion, surpassing analyst projections, with iPhone sales contributing $46.22 billion, up from $43.8 billion in the same period last year.
Additionally, Mark Gurman reported that Apple is exploring the tablet market with a potential 18.8-inch foldable iPad by 2028, which may offer a seamless experience similar to using two iPad Pros side-by-side.
Apple's stock increased by 0.069% on Friday, closing at $248.13, with year-to-date shares up by 33.66%. The latest price targets suggest an average target of $277.67, indicating potential upside.