Apple is reportedly developing third-generation foldable iPhone models for release by 2028

Apple has reportedly begun development on a third-generation foldable iPhone, even as the first-generation model remains unreleased. Industry reports indicate that the company is planning a second-generation iteration for 2027, followed by a third-generation model in 2028 that will feature larger internal and external displays. This long-term roadmap suggests Apple is committed to the foldable form factor despite the high projected price point, which analysts estimate could exceed $2,000. Concurrently, Apple has launched a new leasing program in partnership with Klarna, allowing customers to finance iPhones, iPads, Macs, and Apple Watches through monthly payments. This shift toward a subscription-like model is accompanied by increased trade-in values for existing hardware, though analysts warn that the original retail prices for new devices may rise to offset these costs. Additionally, Apple has expanded its Emergency SOS via satellite feature to Iceland and Andorra, and Tim Cook has participated in his final earnings call as CEO, highlighting the company's significant revenue growth during his tenure.

Apple is reportedly working on a third-generation foldable iPhone model slated for release as early as 2028. The 2028 foldable model is expected to feature larger internal and external displays compared to its predecessors.

Apple has introduced a new leasing program in the United States in partnership with Klarna for various hardware products. Trade-in values for most Apple devices have been increased, with some Mac models seeing up to $260 in additional value.

Emergency SOS via satellite has been expanded to include users in Iceland and Andorra. Apple's revenue in a single quarter of 2026 surpassed the company's total revenue for the entire year of 2011.