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Apple Unveils Five New iPhones, First $2.5K Foldable

7/5/2026

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Story summary
  • Apple will launch five new iPhone models between late 2026 and early 2027, including its first foldable.
  • The foldable’s production target was raised to 10 million units and its price is expected near $2,500.
  • In the quarter ended March 28 2026, iPhone revenue rose 22% to $57 billion, over half of total sales.
  • Apple’s shares jumped 4.88% to $308.74 and it will report fiscal 2026 Q3 results on July 30, forecasting 14%-17% revenue growth.