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Apple’s new CEO expected to reveal first foldable iPhone

Apple will hold its annual iPhone event under new CEO John Ternus today, where it is expected to announce its first foldable phone. Follow live updates.

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苹果新任CEO预计将发布首款可折叠iPhone

• Apple will hold its annual iPhone event today, where it is expected to announce its first foldable phone .

• This would mark the biggest change to the iPhone in its nearly 20-year history.

• John Ternus will debut as Apple’s new CEO , and he is expected to lay out his vision while the tech giant faces market pressures like the advancing AI race, memory shortages driving up prices, and European regulation.

Apple is expected to reveal the first foldable iPhone

Anthony Behar/Sipa USA/AP

Apple is expected to reveal the biggest-ever change to its smartphone lineup: the first foldable iPhone.

The tech giant’s first foldable phone is expected to be the event’s headlining announcement, according to Bloomberg . Samsung dominates the niche but growing market for foldable phones, but some analysts think an Apple model could boost those phones’ popularity.

“I think the more visibility there is on the category, the better,” Drew Blackard, Samsung’s senior vice president of mobile product management, told CNN in July.

The iPhone is Apple’s most profitable product, accounting for roughly half of Apple’s revenue. A foldable model could entice more high-paying customers who would otherwise buy from Samsung or another rival. Foldable phones are generally pricier than standard smartphones, with Samsung’s Galaxy Z Fold 8 starting at nearly $2,000.

Apple's new CEO will have his first big moment in the spotlight

Brendan McDermid/Reuters

Today is Apple’s first major product launch under John Ternus, who took the reins from Tim Cook on September 1.

Apple’s September event is widely considered to be the company’s most important moment of the year. But this year’s keynote will be about more than just new gadgets. It’ll also be the first opportunity for Ternus to lay out his vision for Apple.

Analysts expect Ternus to signal a fresh push into new AI-powered gadgets, given his hardware engineering background. That’s critical when Apple has been considered to be behind its peers in AI.

“Ternus could cement Apple’s device dominance in an AI enabled era,” Bank of America analysts wrote in an August research note.

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