Apple Readies Foldable iPhone with 7.8-Inch Display, BofA Cuts Target to $320
Apple plans to launch its first foldable iPhone in 2026 with a 7.7-7.8-inch inner display, sub-10mm thickness, Touch ID and no SIM, targeting 10–20 million units. Bank of America cut its price target to $320 on 32x $9.94 2027 EPS, warning fiscal 2026 volumes may dip from timing shifts.
1. Foldable iPhone Design and Features
The upcoming foldable iPhone will feature a book-style design with a 7.7- to 7.8-inch inner display, a folded thickness under 10mm, Touch ID instead of Face ID and no physical SIM slot.
2. Production and Demand Forecast
Supply chain checks indicate preparations for 10–20 million units, driven by anticipated high demand in China and among existing Pro and Pro Max users seeking larger screens.
3. Launch Timing and Seasonal Impact
The foldable model and Pro variants remain slated for a traditional September 2026 release, while base models and other variants may shift to March 2027, potentially pressuring fiscal 2026 quarterly volumes.
4. Valuation and Analyst Estimates
Analysts have adjusted Apple’s price target to $320, applying a 32x multiple to revised 2027 EPS of $9.94, down from prior estimates, to account for shifted launch timing and higher average selling price.