Apple to Ship 10 Million Foldable iPhones, Seizing 40% of Market by 2027
Updated
Updated · Yahoo Finance · Aug 26
Apple to Ship 10 Million Foldable iPhones, Seizing 40% of Market by 2027
3 articles · Updated · Yahoo Finance · Aug 26
Summary
IDC expects Apple’s first foldable iPhone to ship more than 10 million units in its first year, with the ultra-premium device set to debut in September.
A $2,500 price tag is not expected to curb demand, as IDC says the book-style handset targets affluent early buyers likely to embrace Apple’s first foldable hardware.
Apple’s entry is projected to reverse a foldables slump: IDC now sees the segment growing 12.6% this year and 18% next year instead of posting a double-digit decline.
By 2027, Apple is forecast to capture 40% of global foldable shipments, giving fresh momentum to a niche category Samsung launched seven years ago.
The bullish foldables outlook contrasts with a broader smartphone market IDC says will shrink 16.7% this year as AI-related component shortages and higher memory costs lift prices.