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Rumors have long indicated that Apple is working on an all-glass new iPhone design<\/a> for the 20th anniversary next year. But an analyst from Jefferies believes that device is no longer moving forward.<\/p>\n Wall Street analyst says radical iPhone redesign for 20th anniversary has been canceled<\/p>\n Today Wall Street firm Jefferies downgraded its Apple stock rating to \u201cUnderperform,\u201d with analyst Edison Lee citing the possible cancellation of the 20th anniversary iPhone redesign as a big reason.<\/p>\n Mackenzie Tatananni, writing at Barron\u2019s<\/a>:<\/p>\n The downgrade hinges on the suspected cancellation of Apple\u2019s all-glass iPhone. Although the project was reported to be in development as far back as 2025 and rumored to launch as early as 2027, Apple never commented on the speculation. However, the company quietly filed a patent application for a \u201csix-sided glass enclosure\u201d in 2019.<\/p>\n While Jefferies once viewed the release of an all-glass iPhone as plausible, Lee believes development has come to a halt. According to the analyst, supply chain checks suggest the project was cancelled due to low yield.<\/p>\n Lee views the decision as \u201ca major setback to efforts to bring in higher-priced iPhones amid soaring memory costs.\u201d Had it launched in September 2027 to commemorate the iPhone\u2019s 20th anniversary, the device would have carried an estimated blended retail price of $2,060\u2014higher than the average price of any previous model.<\/p>\n \u201cMore importantly, we believe the plan was to extend the all-glass features to future iPhone Pro and Pro Max models, further raising their average selling price and margin,\u201d Lee wrote. He believes this would have been a crucial defensive move as the price of memory rises.<\/p>\n Lee also points to Apple\u2019s AI strategy and rising component costs for iPhone 19 Pro as further reasons to downgrade the company\u2019s stock rating.<\/p>\n It\u2019s unclear from Lee\u2019s note whether the analyst believes the entire redesign has been shelved, or only certain aspects of it. <\/p>\n For example, it\u2019s been suspected for a while that Apple won\u2019t be able to fully remove the Dynamic Island cutout next year. Thus, an \u201call-glass\u201d display won\u2019t be possible. But perhaps the rumored quad-curved design is still coming.<\/p>\n In any case, if Apple\u2019s 20th anniversary design for the iPhone truly has been canceled, we\u2019ll likely get corroboration from other reputable sources soon.<\/p>\n What do you make of this report on iPhone\u2019s 20th anniversary design? Let us know in the comments.<\/p>\n *Shop at Apple with 15% discount on certified refurbished<\/a><\/p>\n Best iPhone accessories<\/p>\n
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