According to information gathered by The Information, Apple is currently working on two versions of a foldable iPhone. The source, who has direct knowledge of the project, states that the new phones will have the ability to fold along the lines of a clamshell.
These hardware design changes mark one of the biggest steps Apple has ever taken in the history of its flagship device. However, the foldable iPhone is not expected to hit stores anytime soon. The source reports that Apple has no plans for mass production of these phones until 2024-2025, and the project itself may be abandoned if the devices do not meet the company’s standards.
Ming-Chi Kuo, an analyst at TF International Securities, recently predicted a decline in demand for iPhones in 2024. In an article published on Medium, Kuo wrote that the iPhone is facing structural challenges that will lead to a significant drop in phone shipments in 2024, including the emergence of a new paradigm in high-end mobile phone design and further declines in the Chinese market. This new paradigm encompasses foldable phones and the integration of generative artificial intelligence (AI) features in mobile phones.
Last year, iPhone sales in China dropped by 30% despite price reductions on several iPhone models in the country. Analysts from Jefferies expect Apple’s smartphone shipments to continue to decline by double digits in 2024, while Chinese manufacturer Huawei increases its market position.
Speaking about the company’s financial results at a recent meeting, Apple CEO Tim Cook noted that iPhone sales declined by a few percentage points in China. However, Cook expressed optimism about the future of Apple in China, saying, “We’ve been in China for 30 years, and I continue to be very optimistic about the country’s future.” He also added that overall, China expects an increase in the number of active users and phone sales through the trade-in program year over year.
In the first quarter of the fiscal year, Apple’s product sales increased by less than 1%, reaching $96.5 billion. iPhone sales increased by 5.9%, while iPad sales declined by approximately 25%, and wearable devices dropped by 11%. Mac computer sales increased by less than 1%, generating $7.7 billion in revenue. These figures suggest that the iPad market had a challenging comparison with the introduction of newer versions, such as the 10th generation iPad, in the December quarter of the previous year.
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The source of the article is from the blog shakirabrasil.info