Apple Eyes Foldable iPhones and Lightweight Devices by 2026

What’s in the Works?

Apple Inc. AAPL is reportedly aiming to unveil foldable iPhones and ultralight devices by 2026. Sources indicate that Apple is developing a thinner iPhone model that will be more budget-friendly compared to the Pro versions.

The upcoming device is set to include a simplified camera system, designed to keep costs lower, according to a report from The Wall Street Journal.

In addition to the thin iPhone, Apple is working on two foldable products: a larger device featuring a 19-inch screen and a smaller foldable iPhone. Progress on these innovative designs has faced delays due to challenges in hinge and display cover technology. Nevertheless, Apple remains committed to a 2026 launch.

Changing Plans

Initially, Apple planned to introduce the larger foldable first to gauge market interest. However, it now appears that the foldable iPhone might hit the market earlier. Executives are aiming for a 2026 release, although it may take an extra year to tackle ongoing technical hurdles.

The ultrathin iPhone is expected to attract customers who value sleek design over some advanced features typically found in the Pro models.

Expert Insight

Analyst Jeff Pu from Haitong International Securities has pointed out that existing foldable phones do not align with Apple’s high standards for thinness, lightness, and energy efficiency. As questions arise regarding this innovative approach, Apple has yet to comment on the matter.

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Why This Is Important

These developments come as Apple seeks to reignite consumer interest in its products amid stagnant smartphone sales. The iPhone division, crucial for the company’s revenue, has experienced minimal growth recently. Offering new devices could serve as a strategy to spur sales.

Earlier reports in August highlighted Apple’s intention to launch a thinner version of the iPhone 17, referred to as the “Air.” This model could be a major redesign, drawing parallels to the revolutionary iPhone X.

For context, Apple saw a slight year-over-year decline of 0.3% in smartphone sales within the third quarter. However, demand for the iPhone 16 series remained consistent compared to earlier models, according to IDC data. This steady performance allowed Apple to regain its position as the second-largest smartphone vendor in China, capturing a 15.6% market share.

In October, Apple reported a fiscal fourth-quarter revenue of $94.9 billion, exceeding analyst expectations of $94.56 billion. iPhone sales contributed $46.22 billion, rising from $43.8 billion in the previous year.

Future Aspirations

Mark Gurman recently reported in his weekly “Power On” newsletter that Apple is investigating the tablet market, with plans for an 18.8-inch foldable iPad by 2028. This new device is expected to deliver a user experience comparable to using two iPad Pros side-by-side and may blend features from both Macs and iPads.

Stock Performance

Recently, Apple’s stock rose by 0.069%, closing at $248.13 on Friday. Year-to-date, the company’s shares have grown by 33.66%. Financial firms like Morgan Stanley, Needham, and Wedbush have set an average price target of $277.67 for Apple’s stock, indicating a potential upside of 11.96%, according to Benzinga Pro data.

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Disclaimer: Some of this content was produced with AI tools and reviewed by Benzinga editors before publication.

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