Apple's Foldable iPhone to Fuel Component Supplier Boom

Apple Inc's upcoming iPhone 18 lineup is set to boost component suppliers as the tech giant prepares for its launch on September 9. The company's first foldable device, likely called the iPhone Ultra, is expected to have a starting price above $2,000.

The iPhone Ultra will feature dual front and rear cameras alongside an inner foldable display with ultra-thin glass and OLED cover. Other upgrades across the range may include A20 chips, an Apple-designed modem, and a variable-aperture main camera for Pro and Pro Max models.

Citi has highlighted several major hardware upgrades that are expected to be part of the new iPhone lineup. Suppliers tied to the foldable device may face tight initial component supply and extended lead times, particularly for batteries, vapour chamber heatsinks, and structural parts.