Apple Stock Faces Pressure From Declining iPhone Revenue: Could Company's First Foldable Smartphone In 2026 Reverse Course?

Core Viewpoint - Apple Inc is reportedly set to launch its first foldable devices, including a foldable iPhone, as early as 2026, which could help the company recover from declining iPhone sales [1][2][3]. Group 1: Product Development - Apple is working on two new foldable devices, with at least one expected to enter mass production in the second half of 2026 [3]. - The foldable iPhone is projected to cost $2,000 or more, according to analysts [3]. - In addition to the foldable iPhone, Apple is developing a foldable device with an 18-inch screen, likely a new Mac or iPad [4]. Group 2: Market Context - Apple's iPhone revenue fell from $69.7 billion to $69.1 billion year-over-year, indicating a need for new growth avenues [1]. - The smartphone market is expected to recover in 2026, coinciding with the launch of Apple's foldable devices [3]. - Competitors like Samsung, Google, and Motorola have already released foldable phones, positioning Apple to test demand in this emerging segment [6][7]. Group 3: Consumer Sentiment - There are concerns about whether consumers are willing to pay a premium for foldable technology, especially after the rollout of Apple Intelligence AI features on the iPhone 16 did not meet user expectations [5]. - The foldable smartphone segment currently represents a small percentage of the overall market, but Apple's entry could significantly influence consumer preferences [7]. Group 4: Stock Performance - Apple stock closed at $214, up 0.24%, with a year-to-date decline of 12.2% and a 23.2% increase over the last year [8].