Foldable iPhone Is Niche Product, Singh Says
Speakers
Mandeep Singh
— Senior Analyst, Bloomberg Intelligence
Summary
Mandeep Singh of Bloomberg Intelligence discusses Apple's upcoming foldable iPhone and argues that its roughly $2,000 price will limit demand. He says rising component and memory costs forced that pricing, and he compares the product to Vision Pro as a niche item rather than a mass upgrade driver. The main market implication is that the foldable iPhone is unlikely to spark a broad Apple upgrade cycle.
- Guest Mandeep Singh questions mass adoption of Apple's foldable iPhone at about $2,000.
- He sees the price as driven by higher component and memory costs.
- Apple is absorbing memory cost increases on older iPhone versions.
- The iPhone Pro price rose $100, but memory prices likely rose more.
- He compares the foldable iPhone to Vision Pro: some buyers but not mass upgrade.
- The investment implication is a limited upgrade cycle for Apple.
Ideas
Foldable iPhone is niche, not mass upgrade
Apple's foldable iPhone will be hard for many people to upgrade to at a roughly $2,000 price point. Apple had to price it that high because component and memory costs are rising, and the product looks more like Vision Pro: interesting to some buyers but not a mass upgrade cycle.
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