Apple has plans to make a folding iPhone starting next year, reliable analyst Ming-Chi Kuo said on Wednesday.<\/p>\n
Kuo said Apple\u2019s folding phone could have a display made by Samsung Display, which is planning to produce as many as eight million foldable panels for the device next year. However, other components haven\u2019t been finalized, including the device\u2019s hinge, Kuo wrote. He expects it to have \u201cpremium pricing.\u201d<\/p>\n
Kuo is an analyst for TF International Securities, and focuses on the Asian electronics supply chain and often discusses Apple products before they\u2019re launched.<\/p>\n
He wrote in a post on social media site X that Apple\u2019s plans for the foldable iPhone aren\u2019t locked in yet and are subject to change. Apple did not respond to CNBC\u2019s request for comment.<\/p>\n
Apple\u2019s iPhone makes up over half of Apple\u2019s business and remains an incredibly profitable product, accounting for $201 billion in sales in the company\u2019s fiscal 2024. But iPhone revenue peaked in 2022, and Apple is constantly looking for ways to attract new customers and convince its current customers to upgrade to more expensive devices.<\/p>\n
Several of Apple\u2019s rivals, including Huawei and Samsung, have been releasing folding smartphones since 2019.<\/p>\n
The devices promise the screen size of a tablet in a format that can be stored in pants pockets. But folding phones still have hardware issues, including creases in the display where it is folded.<\/p>\n
Folding phones also have yet to prove they drive significant demand after the novelty wears off.<\/p>\n
Research firm TrendForce said last year that only 1.5% of all smartphones sold can fold. Counterpoint, another research firm tracking smartphone sales, said earlier this year that the folding market only grew about 3% in 2024 and is expected to shrink in 2025.<\/p>\n<\/p>\n
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