分析师：iPhone 17创新“有限”，18.8寸大折叠要推迟

Core Insights - The report by Jeff Pu from Guotai Junan Securities indicates that Apple's foldable smartphone, the iPhone 18 Fold, is progressing well and is expected to launch in the second half of 2026. However, a larger 18.8-inch foldable device may face delays [1][1][1] Group 1: iPhone 18 Fold - The iPhone 18 Fold is anticipated to be released in the second half of 2026, with a positive outlook on its supply chain progress [1][1][1] - The upcoming iPhone 17 series is expected to have "limited innovation" compared to the iPhone 18 Fold [1][1][1] Group 2: Larger Foldable Device - Apple is also developing a larger foldable device, potentially a hybrid between a MacBook and a tablet [1][1][1] - The 18.8-inch foldable device is likely to be delayed and may not enter mass production as previously expected in Q4 2026, with a possible release in 2027 [1][1][1] - Bloomberg's Mark Gurman has reported that Apple is working on a foldable iPad with a 20-inch display, expected to launch in 2028 [1][1][1]