Connect with us

Hi, what are you looking for?


Apple may soon launch a foldable device which ‘could be an incremental opportunity’

apple foldable device ubs analyst

Apple Inc (NASDAQ: AAPL) is trading up this morning on speculation that it may soon launch a long-rumoured folding iPhone or iPad.

UBS analyst reacts to the new patent

On Wednesday, the tech behemoth secured a patent whose abstract included drawing of a foldable device with a wraparound screen. Reacting to the development, UBS analyst David Vogt said:

We think that such a device could be an incremental opportunity for future generation iPhone models.

Vogt, however, confirmed that he wasn’t expecting such a device to be launched this year. Nonetheless, he recommends buying Apple stock here and sees upside in it to $180 – about a 17% premium on its current price.

It’s noteworthy, though, that the multinational has so far not signalled that it’s working on a foldable device.

A foldable device could help boost sales

According to the UBS analyst, a foldable iPhone will help sales as existing customers upgrade and many could potentially switch from Samsung as well that already has a foldable smartphone in the market.

If it compresses upgrade rate for iPhones or attracts switchers from Android, iPhone unit growth could come in above our 238 million estimates in FY 24 given installed base of 1.2 billion iPhones and 1.3 billion smartphones shipped a year.

Apple’s latest iPhone 14 has faced challenges in recent months as inflation continues to weigh on spending. In Q4, iPhone sales were down 8.17% versus the same quarter last year and missed expectations by a whopping $2.51 billion as Invezz reported HERE.

For the year, Apple stock is still up more than 20% at writing.

The post Apple may soon launch a foldable device which ‘could be an incremental opportunity’ appeared first on Invezz.

You May Also Like


Inflation appears to be on the decline. The Personal Consumption Expenditures Price Index (PCEPI), which is the Federal Reserve’s preferred measure of inflation, grew...


Mimiq, Inc is announcing today the launch of their new product, Mimiq Track, at CES as part of their latest product line to operate...


On this week’s edition of Stock Talk with Joe Rabil, Joe looks at the longer-term picture for stocks like AAPL, TSLA, and more. He...

Latest News

Kevin McCarthy’s difficult road to becoming House speaker ended early Saturday morning after Republicans appeared to have miscounted the number of votes they needed...

Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2023