Apple Shares Plummet on Rumors of Foldable iPhone Production Delays

Rumors of Apple's upcoming foldable iPhone have sent shares of Apple (NASDAQ: AAPL) down by as much as 3.2% on Friday.

The device is reportedly facing production issues due to Apple's strict quality standards, with initial production runs limited to only a few hundred units per day.

This might make it challenging for Apple to meet market demand, especially considering the company's history of unveiling new products in September and shipping them before the holiday season.

Apple's focus on quality has helped maintain its premium pricing in an industry plagued by budget devices and thin margins.