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Apple preparing first foldable iPhone for 2026 launch, supply chain checks suggest [Yahoo! Finance]
Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations: investor.apple.com
Bank of America's latest Asia supply chain checks suggest Apple Inc (NASDAQ:AAPL, XETRA:APC) is preparing to introduce its first foldable iPhone in 2026, as the firm reiterated its ‘Buy' rating while modestly lowering its price objective to $320 from $325. Shares traded hands at $252 on Monday afternoon. The updated target is based on an unchanged 32x multiple applied to calendar 2027 estimated earnings per share of $9.94, down from a prior estimate of $10.10. “Our checks in Asia suggest that Apple will likely introduce its first foldable iPhone in 2026,” Bank of America wrote, adding that this marks a significant shift in the company's product lineup. The device is expected to feature a book-style foldable design with a 7.7- to 7.8-inch inner display and a thickness of under 10mm when folded. The first-generation model is anticipated to include Touch ID, but not Face ID, and will not support a physical SIM card. Bank of America expects strong early demand, noting that the
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