Apple Stock News: iPhone to Launch
Apple Stock News: According to JPMorgan, Apple will unveil its first folding iPhone in fall 2026 as part of the iPhone 18 series. Priced at approximately $1999, it will create a $65 billion market opportunity with projected sales reaching about 45 million units by 2028. The first folding iPhone is rumored to have a 7.8-inch inner screen, a 5.5-inch external display, a titanium frame, a durable hinge made from liquid metal, dual rear cameras, and Touch ID fingerprint scanner replacing Face ID.
Overtake China
India surpassed China as the top supplier of smartphones to the US in Q2 2025 due to Apple’s supply chain diversification efforts. Despite a 11% YoY decline in iPhone shipments to the US, Apple maintained its leadership position with a 49% market share. Samsung experienced significant growth, increasing its market share to 31%. Chinese-made phones accounted for only 25% of total US imports compared to 61% a year earlier, while Indian-manufactured devices rose to 44%, marking India’s first dominance over China. Apple started producing iPhone 16 Pro models in India but still relies heavily on Chinese factories for higher volumes. This strategic move aims to minimize risks associated with ongoing US-China trade disputes.
New Apple Card Partner
JPMorgan Chase is engaged in active negotiations with Apple regarding partnership to service the Apple Card, potentially replacing current partner Goldman Sachs. It was reported that Barclays and Synchrony were also considered candidates, however, JPMorgan stands out as the main contender. Goldman Sachs plans to wind down its consumer lending activities and has expressed desire to terminate cooperation with Apple before the contract expires in 2030. Previously, regulators imposed a fine of almost $90 million for violations related to dispute handling and misleading customers about interest-free payment terms. It’s not clear whether changing the financial partner will affect the card’s conditions. On the payment networks’ side, both Visa and American Express are interested in replacing Mastercard. Since its introduction in 2019, the Apple Card remains exclusively available in the United States.
