Apple looks to launch 5 new iPhone models by 2027

According to recent reports Apple is aiming to launch at least five new iPhone models between the second half of this year and the first half of 2027 while ramping up production of foldable devices. This move is likely calculated to capture more market share amid an industry wide component supply shortage. Nikkei Asia also reported the company is telling suppliers to prepare to produce about 10 million foldable iPhones this year, up from an earlier forecast of 7 million to 8 million units.