BofA Forecasts 20 Million Sales for Apple's Foldable iPhone Launch in 2026

BofA Securities has projected that Apple's entry into the foldable smartphone market could result in sales of 20 million units. The highly anticipated device is expected to launch in 2026, marking a significant shift in the company's product strategy. Analysts view this expansion as a major future growth driver for the tech giant within the premium smartphone segment. Despite these positive long-term projections, BofA slightly reduced its price target for Apple shares. This adjustment comes as the market weighs the immediate impact of product roadmaps against broader financial performance. Overall, the move into foldables is seen as a strategic step to capture market share from competitors already established in the space.

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