Morgan Stanley is forecasting that Apple’s upcoming foldable iPhone could potentially add around $14 billion to the company’s revenue in the December quarter. This is due to high demand, limited supply, and significant price hikes.
The analysis, as reported by MacDailyNews, suggests that this new foldable iPhone will mark the most significant change in iPhone design since the iPhone X in 2017.
Erik Woodring, the head of US technology hardware equity research at Morgan Stanley, anticipates that shipments of the foldable iPhone will commence in October or early November 2026. It is estimated that between 7 to 8 million units will be produced in the second half of the year, with up to 20 million units expected in the complete product cycle.
While there is strong anticipation for the device, the report highlights that supply will be limited. Additionally, the pricing strategy for the new models, particularly the Pro versions, will see a significant increase, partly due to higher memory costs.
One of the key advancements in the new foldable iPhone is the use of TSMC’s 2-nanometer process, which enhances on-device AI performance. The estimated price range for the foldable model is between $2,300 and $2,500.
Woodring maintains a positive outlook on the stock, with an Overweight rating and a $360 price target. He notes that Apple typically performs well leading up to product launch events, although momentum may taper off on the day of the event. Long-term success will depend on future estimate revisions.
As of the latest closing price on Wednesday, AAPL is trading at $324.
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Image Credit: Midjourney
