Apple’s stock climbed nearly 5% on Thursday after reports indicated the company intends to introduce several new iPhone models, including a high-end foldable device. Investor sentiment was further underscored by gains in Apple-related depositary receipts traded in Thailand during Friday’s session.
AAPL01, issued by Bualuang Securities, and AAPL80, issued by KTB, rose 3.5%in the morning session on Friday of Asian trading hours.
Nikkei Asia has reported that Apple is preparing to unveil no fewer than five new iPhone models in the first half of 2027. Among the anticipated releases is an “iPhone Ultra,” a foldable smartphone positioned in the premium segment. According to IDC, this device may be priced at around $2,500, with configurations offering more storage potentially reaching $3,000.
To address growing demand and anticipated interest, Apple has reportedly increased its production target for the foldable model from 8 million to 10 million units.
In addition to product plans, Apple is reportedly exploring new avenues for sourcing memory chips. Bloomberg has indicated that the company is in talks with Chinese semiconductor manufacturers ChangXin Memory Technologies (CXMT) and Yangtze Memory Technologies (YMTC) to secure more favorable terms for memory supplies. This move comes in response to recent cost pressures that prompted Apple to raise prices on its Mac and iPad product lines as component expenses rose.
By diversifying its supplier network and reducing input costs, Apple may strengthen its supply chain resilience and improve profit margins amid challenging market conditions.
Plans to expand sourcing relationships and introduce new devices position Apple to address supply concerns and support profitability, with further developments expected as the company advances its 2027 product strategy.
