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Story summary
- Apple Inc. shares fell 4% on April 7, 2026, due to engineering challenges with foldable iPhones.
- The foldable model is set to launch with iPhone 18 in September 2026, with iPhones accounting for over half of Apple's $143.8 billion revenue in the first quarter of fiscal 2026.
- Samsung, Apple's main competitor, released its first foldable phone in 2019.
- The memory chip shortage is not affecting the foldable phone's delay.
