Apple iOS 27 hints at foldable iPhone launch

What happened: Software researcher M1Astra discovered clues in Apple's iOS 27 beta suggesting a foldable iPhone launch in September, alongside the iPhone 18 lineup. Apple's iPhone revenue surged 22% in the March quarter, a record. Recent leaks and analyst predictions point to a foldable smartphone launch this fall, aligning with the growing foldable smartphone market.

Market impact: This narrative drives anticipation for Apple's first foldable iPhone, potentially boosting its premium valuation. The foldable smartphone market is expected to accelerate from 2026, presenting a new growth opportunity for Apple. Competitors like Samsung, which already offers foldable devices, may face increased competition.

What to watch next: Apple's September event, where the foldable iPhone is rumored to debut; quarterly earnings reports from Apple and competitors to gauge market response and potential shifts in market share; and foldable smartphone sales data to track the growing market segment.