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Apple is reportedly working on at least two foldable versions. iPhone.
These new mobile phones are fold horizontally The Information reported on Wednesday (February 7) in a duplicitous manner, citing sources with direct knowledge of the project.
As the report points out, this move, assuming it goes forward, would be one of the biggest hardware design changes in the history of Apple’s flagship devices.
However, don’t expect the foldable iPhone to hit stores anytime soon. They are not part of Apple’s production plans for 2024 or 2025, the person said, and the project could be canceled if the phones don’t meet the company’s standards.
PYMNTS has reached out to Apple for comment, but has not yet received a response.
This news came days after a report by TF International Securities Analyst Ming-Chi Kuo predicts: Demand for iPhone It will be even lower in 2024.
“iPhone faces structural challenges that could lead to a significant decline in shipments in 2024, including the emergence of new paradigms in high-end mobile phone design and continued declines in shipments in the Chinese market.” he wrote on Medium last week. .
New paradigms include foldable phones and the integration of features powered by generative artificial intelligence (AI) into mobile phones, Kuo added.
Apple’s iPhone sales in China in the first week of this year fell 30% Despite the price reduction of several iPhone models in the country.
Analysts at market capitalization firm Jefferies said at the time that while China-based Huawei will expand its market share, it expects its smartphone shipments to continue to decline by double digits in 2024. .
Apple CEO Tim Cook noted last week while discussing the company’s latest earnings that sales of the company’s iPhones in China had fallen to mid-single digits.
“We came in 30 years in China“And I remain very optimistic about China in the long term,” Cook said. He added that in general, in China, “we are satisfied that we have reached the ‘water mark’ of the new installed base, and we are very satisfied with the year-on-year growth in upgrades.”
Product sales rose less than 1% in the first quarter to $96.5 billion, according to the company’s earnings.
Taking a closer look at the tech giant’s product lines, iPhone sales rose 5.9%, while iPad sales fell about 25% and wearables fell 11%.
Cook said the iPad is “hard to compare” to the introduction of new models such as the 10th generation iPad in the December quarter of last year. His Mac sales for the quarter increased by less than 1% to $7.7 billion, and overall revenue growth was 2%.
As we pointed out here last year, foldable smartphones are relatively rare. Google Pixel Fold – Introduced in May 2023 – One of the most high-profile examples in the US
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