Apple CEO Tim Cook waves his hand as he opens the door to the recently renovated Apple Store on Fifth Avenue on September 20, 2019 in New York (Photo by Kena Betancur / AFP) (Photo should read KENA BETANCUR / AFP via Getty Images)
KENA BETANCUR | AFP | Getty Images
Apple’s top analyst predicted in a note to customers on Monday that the company is likely to release a foldable iPhone in 2023.
TFI Securities analyst Ming-Chi Kuo said that based on industry research, he believes the foldable iPhone will reach 1
The folding model is now a “must” for major smartphone brands, according to Kuo.
“After 5G, the foldable smartphone is the next innovative point of sale for high-end models,” he wrote.
Samsung, Huawei and Xiaomi have models presented, although the price points still make them relatively inaccessible to most users. There are some obstacles that Apple may need to overcome. All Apple iPads, for example, support drawing input with the Apple Pencil. But most foldable phones still do not support pen input, as they are relatively fragile compared to traditional phone screens.
Kuo said Apple is ready to lead the trend of folding devices, which he said “will blur the segmentation of products between smartphones, tablets and laptops.”
An Apple spokesman was not immediately available to comment on Kuo’s note.
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