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Morgan Stanley, Evercore: Apple’s foldable iPhone on track for September launch

MacDailyNews

Apr 8

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New CAD renders show Apple's rumored foldable iPhone design — New CAD renders show Apple’s rumored foldable iPhone design

Apple’s foldable iPhone remains on track for a fall launch, according to Wall Street analysts, including those at Morgan Stanley, who pushed back against a media report suggesting possible delays. Apple shares rose on Wednesday.

The stock had fallen 2.1% on Tuesday after Nikkei Asia reported that Apple had run into engineering challenges with its folding-screen iPhone. Analysts subsequently disputed the claims in the article.

Patrick Seitz for Investor’s Business Daily:
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Morgan Stanley analyst Erik Woodring said his supply chain checks indicate that the foldable iPhone is still on track for a September launch. In a client note late Tuesday, Woodring said it is not unusual for Apple to run into issues during its testing phase for new products, but they are typically worked out.

“To date, we have not picked up on any delay in the foldable iPhone launch timing, with an iPhone component supplier telling us earlier today that they had not seen any order adjustment for the foldable iPhone,” Woodring said.

Woodring rates Apple stock as overweight, or buy, with a price target of $315.

Evercore ISI analyst Amit Daryanani said a delay in the launch of the folding iPhone is “unlikely.” It is expected to launch alongside the iPhone 18 handset lineup in September, he said.

“We would also note that today’s Nikkei article is consistent with its annual cadence of publishing iPhone production reports, which have historically not always proven accurate,” Daryanani said in a report late Tuesday.

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MacDailyNews Take: Nikkei Asia is a rag, but it’s a very profitable rag for Apple investors!

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