Apple(US:AAPL) Huan Qiu Wang Zi Xun·2025-12-21 01:42Core Viewpoint - Apple is facing production challenges for its first foldable iPhone, which is expected to be officially released in the second half of 2026, according to a report by analyst Ming-Chi Kuo from Tianfeng Securities [3][4]. Group 1: Production Challenges - The development progress of the foldable iPhone is currently behind schedule, with actual shipments potentially delayed until 2027 due to early production yield and capacity ramp-up challenges [3]. - There is a strong anticipated demand for the foldable iPhone, but supply may be limited, leading to potential shortages before the end of 2026 [3]. Group 2: Market Impact - Apple's entry into the foldable smartphone market could change the current growth trajectory of foldable devices, potentially benefiting competitors as well [4]. - By summer 2026, it is expected that the resolution of production issues and the balance of demand versus supply will become clearer, prompting consumers to consider pre-ordering [4].