Locator: 49760APPLE.
But look at the overall numbers:
If you aren't emotionally ready for a foldable iPhone from tech giant Apple (AAPL), at least get ready for it as an investor, says Citi analyst Atif Malik.
Malik sees a fast ramp of the foldable iPhone beginning later this year and going into 2027. He expects the device to debut at Apple's annual fall launch together with iPhone 18 Pro/Pro Max models.
"With the premium pricing of around $2,000 and timing of the launch, we expect limited foldable iPhone shipment of around 8 million units in 2026, or ~3% of total iPhone shipment, which will likely grow to 20 million units in 2027," Malik wrote in a note on Tuesday.
The analyst reiterated a Buy rating on Apple — about 50% of Wall Street analysts rate Apple a Buy, Yahoo Finance data shows. He did cut his price target to $315 from $330, citing margin risk from the surge in memory chip prices.
Apple's stock has been dead money for more than a year as investors have rotated into more AI-centric names from the "Magnificent Seven," such as Nvidia (NVDA) and Microsoft (MSFT). Not helping matters is renewed trade tensions between the Trump administration and key Apple markets in Europe and China.
