Core Insights - Morgan Stanley's recent analyst report predicts the development progress and technical specifications of Apple's first foldable iPhone, expected to debut in 2026, featuring a 24 million pixel under-display front camera technology for a true all-screen design [1][3] - The report indicates that the foldable iPhone will utilize a Touch ID fingerprint recognition system, potentially located on the side of the device, allowing for a completely hole-free display [1][3] Technical Specifications - The anticipated foldable iPhone will eliminate the notch and Dynamic Island design, achieving a full-screen display that enhances screen-to-body ratio and overall visual integrity [3] - The report highlights that if the under-display camera technology is successfully implemented, this model will be the first in the iPhone series to feature such technology, potentially reshaping user expectations for foldable iPhones [3]

Core Insights - Apple is developing two special edition iPhones for its 20th anniversary, set to launch in September 2027, including a foldable model and a glass-centric Pro version [1][2] Group 1: Product Development - The first foldable iPhone is reportedly in trial production and expected to enter mass production in the second half of 2026, potentially launching alongside the iPhone 18 series [1] - The 20th anniversary foldable iPhone will feature a 7.76-inch main display with a resolution of 2713×1920 and will debut Apple's under-display camera technology, achieving a "true full-screen" design [1] - The second special edition model may utilize a Unibody design with a seamless integration of the frame and back shell, potentially incorporating pressure-sensitive touch controls for enhanced user interaction [2] Group 2: Market Impact - Apple's entry into the foldable smartphone market could reshape the competitive landscape, with IDC projecting global foldable phone shipments to reach 25 million units in 2024, dominated by Samsung, Huawei, and Honor [2] - Analysts have differing views on the release timeline for the foldable iPhone, with predictions ranging from 2024 to 2027, indicating a cautious approach by Apple compared to competitors [2] Group 3: Supply Chain and Pricing - Apple is planning to shift most iPhone production to India by the end of 2026, which may face challenges due to complex new components and production technologies required for the anniversary models [3] - The anticipated starting price for the 20th anniversary iPhone could exceed $2000, representing a more than 60% premium over the iPhone 16 Pro Max, making it the most expensive iPhone to date [3][4] - Morgan Stanley estimates that Apple could face an additional $33 billion in annual tariff costs if no mitigation measures are taken, which may lead to price increases across its product range [4]