Apple's Foldable iPhone Could Arrive Next Year, JPM Predicts

Core Insights - Apple is expected to introduce a foldable iPhone as part of the iPhone 18 lineup in September 2026, with limited upgrades anticipated for the iPhone 17 series this fall [3][4] - The foldable iPhone is predicted to feature a book-style fold similar to Samsung's Galaxy Z Fold series, with a smaller inner and outer display [3][4] - The anticipated price for the foldable iPhone is $1,999, which could create a $65 billion revenue opportunity for Apple [4] Market Position and Competition - Apple's market share in smartphone shipments is currently at 13.9%, placing it fifth behind domestic brands like Huawei [6] - The installed base for Apple smartphones remains flat at 23% to 24%, with a slight increase in the second quarter attributed to subsidies [6] - Competitors like Huawei have already launched their own foldable phones, intensifying competition in the market [5] Geopolitical and Supply Chain Challenges - Geopolitical risks, including potential crackdowns from Beijing on American tech companies, pose significant challenges for Apple in the Chinese market [7] - The Taiwan conflict could threaten chip supply, adding to the volatility of Apple's supply chain [7] - Tariff threats from both the U.S. and China further complicate Apple's operational landscape, impacting margins in a crucial growth market [7]