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Foldable iPhone delay rumors cause Apple stock to plummet; US media debunk: still scheduled for September
Apple
PhoenixTech News: According to a Bloomberg report on April 8, Beijing time, insiders said Apple’s first foldable phone is on track to be launched later this year within the company’s regular iPhone release cycle. This contradicts earlier media reports that the phone’s production encountered major obstacles.
Insiders say Apple will release this foldable model in September alongside the iPhone 18 Pro and Pro Max. Apple’s iPhones typically go on sale within a week after the launch.
A report in Nikkei Asia on Tuesday sparked concerns in the market that the release of the phone may be delayed. The outlet said Apple faces challenges during the engineering test phase of the phone, which could lead to production and shipment plans being pushed back. Afterwards, Apple’s share price fell as much as 5.1%.
Insiders said that while the complexity of the new display and materials may limit initial supply in the first few weeks after launch, Apple still plans to sell the foldable phone at about the same time as, or shortly after, its new non-foldable models.
After Bloomberg published this latest report, Apple’s share price recovered part of its losses. By the close on Tuesday in New York, the stock was down about 2.1%, at $253.50.
However, there are still six months until the new phone is released, and production capacity has not yet begun ramping up, which means the exact release date has not been finalized. An Apple spokesperson declined to comment. (Author/Xiao Yu)
(Editor: He Cong)
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