Why Apple Is Betting on Foldable iPhones

Apple expects foldable iPhones to support flagship sales amid an anticipated global smartphone market decline. New CEO John Ternus showed the first version of the device at an event this month. Demand for such models is growing at double-digit rates outside North America for Huawei and Samsung.

• Apple showed the first version of its foldable iPhone at an event
• Demand for foldable smartphones grows at double-digit rates outside the US
• Expected decline in global smartphone shipments may be milder