Apple will ship millions of $2,000 foldable iPhones this year: Citi [Yahoo! Finance Canada]
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Source: Yahoo! Finance Canada
If you aren't emotionally ready for a foldable iPhone from tech giant Apple ( AAPL ), at least get ready for it as an investor, says Citi analyst Atif Malik. Malik sees a fast ramp of the foldable iPhone beginning later this year and going into 2027. He expects the device to debut at Apple's annual fall launch together with iPhone 18 Pro/Pro Max models. "With the premium pricing of around $2,000 and timing of the launch, we expect limited foldable iPhone shipment of around 8 million units in 2026, or ~3% of total iPhone shipment, which will likely grow to 20 million units in 2027," Malik wrote in a note on Tuesday. The analyst reiterated a Buy rating on Apple — about 50% of Wall Street analysts rate Apple a Buy, Yahoo Finance data shows. He did cut his price target to $315 from $330, citing margin risk from the surge in memory chip prices Apple's stock has been dead money for more than a year as investors have rotated into more AI-centric names from the "Magnificent Seven," s
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