So, about that foldable iPhone everyone's been waiting for? It's still coming, apparently. Apple Inc. (AAPL) stock saw a nice little bump in Wednesday's premarket session as fresh reports confirmed the company's first foldable smartphone remains on track for a September launch. This pushes back against some earlier whispers about engineering snags causing delays.
Apple's $2,000 Foldable iPhone Still Coming in September, Reports Say
MarketDash
Apple's first foldable smartphone remains on track for a September launch alongside the iPhone 18 Pro, with a price tag over $2,000, as the company addresses screen durability and software challenges.
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September Launch Aligns With iPhone 18 Debut
Apple is planning to introduce the foldable model during its usual fall event window, right alongside the iPhone 18 Pro and Pro Max, according to Bloomberg's Mark Gurman, who cited sources. That's the plan, anyway. There was a Nikkei Asia report on Tuesday that mentioned some engineering test challenges, but Gurman's latest suggests things are still moving forward.
The new foldable device is expected to carry a price tag exceeding $2,000, Gurman noted. So, not exactly an impulse buy. Apple did not immediately respond to a request for comment from MarketDash.
Enhanced Durability And iPad-Like Interface
Here's the interesting part: Apple engineers have reportedly been working to fix some of the classic problems that have plagued foldable phones since, well, forever. They're aiming to make that display crease less visible when you unfold the thing. The device will also feature a wide landscape orientation when open.
On the software side, Apple is updating iOS so that apps can function more like they do on an iPad when the foldable iPhone is open, according to Gurman. So, it's not just a big phone that folds; they're trying to make it feel like a different kind of device when you use it unfolded.
Geopolitical Tailwinds Lift Broader Market
The stock market got an extra boost Wednesday from some geopolitical news. President Donald Trump announced a two-week ceasefire regarding strikes on Iran. Market sentiment seems pretty optimistic, even though Tehran has warned that the conflict isn't officially over. Nasdaq futures were up 3.50% while S&P 500 futures had gained 2.66%.
As for Apple's stock price: shares were up 2.35% at $259.45 during premarket trading on Wednesday, according to market data.
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