IDC predicts that although Apple (AAPL.US) will launch its first foldable iPhone in September with a price tag possibly as high as $2,500, the first-year shipments will still exceed 10 million units and will drive renewed growth in the foldable phone market. IDC expects global foldable phone shipments to grow by 12.6% this year and 18% next year, with Apple accounting for 40% of global foldable phone shipments by 2027. Meanwhile, due to price increases in storage chips and other components as w

IDC predicts that although Apple (AAPL.US) will launch its first foldable iPhone in September with a price tag possibly as high as $2,500, the first-year shipments will still exceed 10 million units and will drive renewed growth in the foldable phone market. IDC expects global foldable phone shipments to grow by 12.6% this year and 18% next year, with Apple accounting for 40% of global foldable phone shipments by 2027. Meanwhile, due to price increases in storage chips and other components as w

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IDC predicts that although Apple's (AAPL.US) first foldable iPhone, to be launched in September, may be priced as high as $2,500, its shipments in the first year will still exceed 10 million units and will drive renewed growth in the foldable smartphone market. IDC forecasts that global foldable smartphone shipments will grow by 12.6% this year and 18% next year, with Apple accounting for 40% of the global foldable smartphone shipments by 2027. Meanwhile, due to rising prices of storage chips and other components as well as supply constraints, IDC expects the global overall smartphone market to shrink by a record 16.7% this year and notes that "the era of cheap smartphones is over."

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