Apple reportedly plans to introduce at least five new iPhone models between the second half of 2026 and the first half of 2027, while also ramping up its push into foldable devices. The company has asked suppliers to prepare for production of about 10 million foldable iPhones this year, up from an earlier estimate of 7-8 million units, signaling growing confidence in demand. Apple has lined up components for approximately 80 million smartphones expected to launch in the second half of 2026, with total smartphone production projected to surpass 220 million units in 2026. The stock rose 1.73% on Wednesday and has gained roughly 42.4% over the past year, with an average analyst price target of $314.44. ETFs with significant Apple exposure include Global X PureCap MSCI Information Technology ETF at 18.24% and Vanguard Information Technology ETF at 15.25%.
Apple Inc.Apple plans to introduce at least five new iPhone models and ramp up foldable iPhone production to 10 million units, indicating strong end-customer demand.