An Apple brand hangs above the doorway to the Apple retailer on fifth Avenue within the Manhattan borough of New York Metropolis.
Mike Segar | Reuters
Shares of Apple sunk 4% Tuesday after studies that the corporate is going through engineering challenges with its extremely anticipated foldable iPhones.
“Apple and the provision chain are working below a pressured timeline and the present options usually are not sufficient to utterly remedy the engineering challenges. … Extra time is required,” an individual acquainted with the state of affairs informed Nikkei Asia.
Apple, which celebrated its fiftieth anniversary final week, has introduced 4 new iPhone fashions at its September launch occasion yearly since 2020. The foldable cellphone was anticipated to launch alongside the iPhone 18 in September 2026, however delays might change that timeline.
CNBC has reached out to Apple for remark.
April by means of early Could is seen as a essential time for the iPhone maker to resolve engineering points forward of manufacturing, in response to Nikkei.
Samsung, Apple’s prime rival within the U.S. smartphone market, launched its first foldable cellphone in 2019. iPhones are a key cash maker for Apple, driving over half of the corporate’s $143.8 billion reported income for the primary quarter of fiscal 2026.
Nikkei reported that the reminiscence chip crunch, which has made it exhausting to fulfill rising iPhone demand, shouldn’t be taking part in a job within the foldable cellphone delay.
Apple inventory year-to-date.