Well-known Apple analyst and leaker Ming-Chi Kuo has revealed that the tech giant is working hard to launch a foldable version of the iPhone in 2023, as seen in a recent note to investors.
Based on industry surveys, Apple’s rendition of a foldable smartphone will pack an 8-inch QHD+ flexible OLED display, and utilize silver nanowire technology for the folding display. The silver nanowire technology has several advantages over Samsung’s proprietary Y-OCTA technology such as being able to support multiple folds in the display and can serve as a long-term competitive advantage for Apple. Kuo says that Apple will be able to “master the technology” as silver nanowire is already being used in the HomePod.
Foldable smartphones have the potential to be the next big thing, and Ming-Chi Kuo believes all major smartphone manufacturers need to have one in their line-up. Foldable smartphones currently hold a unique position in the market as they combine the capabilities of both a smartphone and a tablet. However, Kuo has a strong belief that Apple will come out on top of the foldable device trend due to its highly integrated ecosystem and hardware design capabilities.
According to the rumors, the development of the current foldable iPhone hasn’t begun just yet, but based on Apple’s capacity plan, they are forecasted to ship 15-20 million units in 2023. The foldable iPhone rumors started back in March and the prediction was that they will be releasing in 2023. However, that was heavily dependent on Apple solving “key technology and mass production issues. With this new note from Ming-Chi Kuo, Apple’s plans might finally be progressing and the development of a foldable iPhone may begin very soon.