Photo by Peter Macdiarmid \/ Getty Images <\/p>\n
Despite all of the excitement about better-than-expected iPhone 17 sales, Apple Inc. (NASDAQ: AAPL) still cannot get the foldable smartphone product right. The project is important because archrival Samsung already has its Galaxy Z Fold7 and Galaxy Z Flip7. These are state-of-the-art smartphones, and Samsung has had a lead for almost a year.<\/p>\n
Rumors hint that Apple will launch a foldable phone with the iPhone 18 late next year. However, it is struggling to get a product out the door. The early product from Apple may be a version of the iPad. The developers cannot get its product features right.<\/p>\n
According to Bloomberg, \u201cBut engineering challenges tied to weight, features and display technology have pushed its potential debut to 2029 or later, according to people familiar with the matter.\u201d That means an iPhone version could come out even later.<\/p>\n
Apple\u2019s stock surged on reports of high demand for the iPhone 17 in both China and the United States. Its fast chip and a new camera appear to have driven brisk sales. However, these cannot offset problems with the iPhone. The AI version of its software is not out until next year. It is hard to see what hardware advance of the iPhone 18 will convince people to upgrade. Apple continues to face powerful rivals in the Chinese market, which is the largest smartphone market in the world.<\/p>\n
Despite all of the excitement, Apple\u2019s shares are up only 3% this year, compared to 14% for the S&P 500. By contrast, Microsoft Corp. (NASDAQ: MSFT) stock is up 25%. Apple is considered an AI laggard. Microsoft is considered an industry leader. And, after the iPhone news, Apple\u2019s stock has traded down.<\/p>\n
If Apple is going to have a win next year, it may not be an AI upgrade that gets it there. Most major AI companies already have downloads that are among the most popular apps at Apple\u2019s App Store. In terms of hardware advances, the leading feature is to have one that can fold.<\/p>\n
Apple Stock Price Prediction and Forecast 2025\u20132030<\/p>\n
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