Apple Stock Dips on Fold iPhone Delay, Launch On Track
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Apple's stock fell after a Nikkei Asia report warned that first shipments of its foldable iPhone could be delayed by months due to engineering issues, pushing the share price down 5.1% at intraday lows before narrowing losses to a 2.1% decline by market close.
- Bloomberg reported that despite the delay concerns, Apple’s foldable iPhone remains on track for a September launch, aligning with the company’s typical iPhone announcement schedule.
- Gil Luria, head of technology research at D.A. Davidson, said the foldable iPhone could be “the biggest upgrade cycle in the last four years,” but warned that failure to deliver could trigger a decline in iPhone sales in the fourth quarter.
- Amit Daryanani, analyst at Evercore ISI, said insiders make a delay unlikely and projected the device’s launch price at $2,000‑$2,500, with shipments of 12‑15 million units potentially driving growth in fiscal‑year 2027.
- Apple did not comment on the reports, leaving investors to weigh the mixed signals about the foldable iPhone’s timeline and its impact on the company’s earnings outlook.
Why it matters: Investors see the foldable iPhone as a potential driver of higher average selling prices and margins; a delay could dent Apple’s Q4 sales and FY2027 growth, while a successful launch could add $2,000‑$2,500 per unit and boost shipments of 12‑15 million units.
Ask SkimNews
