Along with the foldable smartphone shipments, the foldable display shipments also saw a dip in Q3 2024, which is expected to change with Apple's 2026 foldable.
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It seems like we may not see the debut of the foldable iPhone before 2027, since Apple is taking its usual wait-and-see approach, and is also concerned about the crease issues on displays.
A new folding iPhone patent has surfaced online that shows a flip-style foldable device with an innovative hinge mechanism, suggesting something concrete that a folding iPhone is in the works.