"Despite all of the excitement about better-than-expected iPhone 17 sales, Apple Inc. ( NASDAQ: AAPL) still cannot get the foldable smartphone product right. The project is important because archrival Samsung already has its Galaxy Z Fold7 and Galaxy Z Flip7. These are state-of-the-art smartphones, and Samsung has had a lead for almost a year. Rumors hint that Apple will launch a foldable phone with the iPhone 18 late next year."
"According to Bloomberg, "But engineering challenges tied to weight, features and display technology have pushed its potential debut to 2029 or later, according to people familiar with the matter." That means an iPhone version could come out even later. Apple's stock surged on reports of high demand for the iPhone 17 in both China and the United States. Its fast chip and a new camera appear to have driven brisk sales. However, these cannot offset problems with the iPhone."
Apple reported stronger-than-expected iPhone 17 sales driven by a faster chip and improved camera, with strong demand in China and the United States. Apple remains unable to finalize a foldable smartphone, facing engineering challenges related to weight, features, and display technology that have pushed a potential debut to 2029 or later, with an iPhone form factor possibly appearing even later. The AI version of Apple’s software is delayed until next year, reducing near-term upgrade incentives ahead of iPhone 18. Apple faces stiff competition from Samsung’s Galaxy Z Fold7/Flip7 and powerful Chinese rivals, leaving stock gains behind peers like Microsoft.
Read at 24/7 Wall St.
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