Apple to Launch Foldable iPhone This Year
Apple is set to launch a foldable iPhone later this year, with projections suggesting the device could generate between $40 billion and $60 billion in revenue over the next 18 months, according to Morgan Stanley analyst Erik Woodring. This new release comes as Apple faces scrutiny over its slow integration of artificial intelligence features, despite strong iPhone sales in its most recent quarter.
Currently, Apple holds a market capitalization of approximately $3.7 trillion, having seen a 2% decline in stock value over the past six months. The anticipated launch of the foldable iPhone could serve as a significant growth catalyst for the company, potentially driving demand for upgrades among its customer base.
