Apple shares sink 4% on report of foldable iPhone delays
By Lola Murti
Published on April 7, 2026.
Apple's shares fell 4% following reports of engineering challenges with its highly anticipated foldable iPhones. The company has announced four new iPhone models every year since 2020 and was expected to launch the foldable phone alongside the iPhone 18 in 2026. However, delays could change this timeline. The issue is not directly related to the issue of a memory chip shortage.
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