Apple's Struggling iPhone Sales Could Get a Boost from Its First Foldable Smartphone in 2026

Apple Stock Faces Pressure from Declining iPhone Revenue, Could Company's First Foldable Smartphone Arrive in 2026?

Apple Inc. (AAPL) - Get Apple Inc. Report is facing significant pressure from declining iPhone revenue, which has been a major driver of the company's growth and profitability. In a recent report, analysts at Piper Sandler predicted that iPhone revenue will continue to decline in the coming years, potentially impacting Apple's overall financial performance.

According to Piper Sandler, iPhone revenue is expected to decline by 5% in 2023, followed by a 2% decline in 2024. The analysts believe that this decline is largely due to the saturated smartphone market and the increasing competition from Chinese manufacturers.

In an effort to revive iPhone sales, Apple is reportedly working on its first foldable smartphone, which could be released as early as 2026. The development of this new device is seen as a potential game-changer for the company, as it could help to drive growth and attract new customers.

The foldable smartphone market is still in its early stages, but it has the potential to be a major driver of growth in the coming years. According to a recent report by ResearchAndMarkets, the global foldable smartphone market is expected to reach $23.5 billion by 2027, up from just $2.1 billion in 2022.

Apple's entry into the foldable smartphone market could be a major turning point for the company, as it would allow it to compete directly with Samsung and other manufacturers that have already released their own foldable devices. The development of this new device is seen as a potential way for Apple to regain its footing in the smartphone market and drive growth in the coming years.

In the meantime, Apple's stock is likely to remain under pressure due to the declining iPhone revenue and the increasing competition in the smartphone market. However, the development of the company's first foldable smartphone could be a major turning point for the company, and could help to drive growth and attract new customers in the coming years.