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Foldable iPhone to Hit Market in 2023, Top Apple Analyst Says

A Foldable iPhone with a wider screen than the iPad mini is likely to hit the market according to a top Apple analyst. TFI Securities analyst Ming-Chi Kuo predicted on Monday, stating that Apple Inc. is more than likely going to launch a foldable iPhone in 2023 based on an industry survey. Ming-Chi Kuo added that he believes the company will target up to 15-20 million units of foldable iPhones in 2023 as the foldable model is now a “must-have” for major smartphone brands.

The new iPhone model will reportedly come with an 8-inch foldable OLED display, which will function like an iPhone and can open up to a tablet with a screen slightly larger than the 7.9-inch display on an iPad mini, says Kuo. Apple will become the fourth major smartphone brand to adopt the foldable model should Kuo’s prediction come to pass, after Samsung, Huawei, and Xiaomi all introduced such models.

“After 5G, the foldable smartphone is the next innovative selling point of high-end models,” Kuo wrote, highlighting that, Apple will however have some work to do with regards to the price of the device as that has been a stumbling block for the other smartphone brands and their customers. Kuo stated that Apple is ready to become the benchmark in the foldable device trend and “will blur the product segmentations between smartphones, tablets, and laptops.” Kuo however highlighted a problem the company might face which is the pen input support as many foldable phones are relatively fragile compared with the normal phone screens.

Apple Inc (NASDAQ: AAPL) has been in the news lately but mostly surrounded by negativity as its stock has also been under severe scrutiny by experts for some time now with many urging investors to remain cautious about it. Apple’s stock is currently 7% below its January records despite the massive numbers recorded in that quarter, bringing its near-term outlook into questioning. Apple’s stock is however up by 0.82% since today’s opening and might have something to do with the rumored impending foldable iPhone.

The company earlier this week pushed out emergency patches to macOS, iPadOS, watchOS as well as two different versions of iOS to fix four flaws in WebKit, the underlying engine of the Safari web browser. Macs are getting up to macOS Big Sur 11.2.1 as Apple Watch is pushed up to watchOS 7.4.1. Newer iPhones and iPads get iOS/iPadOS 14.5.1, with older iPhones and iPads dating back to 2013 getting iOS 12.5.3.

Apple also faces off in court today with Epic Games, after being slapped with a 65-page lawsuit for kicking out Epic Games off the App Store in August last year for implementing its in-app payment system for its hit game, F bypassing Apple’s 30% charges.

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Foldable iPhone to Hit Market in 2023, Top Apple Analyst Says