Apple has officially announced plans to enter the foldable smartphone market, with a potential launch of a foldable iPhone by 2026. This development comes as a response to the growing demand for innovative smartphone designs, particularly in the face of competition from industry leaders like Samsung and Huawei. The foldable iPhone, codenamed 'V68', is currently in the development phase with suppliers, marking a significant shift in Apple's product strategy.
The foldable smartphone market has seen remarkable growth, with a 49% increase reported in the first quarter of this year alone. Apple aims to leverage this trend by incorporating artificial intelligence features into its devices, enhancing user experience and functionality. However, uncertainties remain about the final release of the foldable iPhone, as Apple continues to upgrade its existing technology, including camera systems.