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Message: [QUOTE="Munyaradzi Mafaro, post: 63622, member: 636"] Jefferies analyst Edison Lee lowered his expectations for Apple's foldable iPhone after raising sales estimates for fiscal years 2025 and 2026. The analyst projects only 12.5 million foldable iPhone units will sell next year, far below the 95 million units Nikkei Asia reported Apple targets for mass production. Lee attributes the near-term strength to the base iPhone 17 model, which received an implied $100 price cut through doubling the storage capacity to 256 gigabytes. The analyst forecasts iPhone shipments will reach 248 million units in fiscal 2025, rise to 250 million in fiscal 2026, and then decline to 248 million in fiscal 2027. Lee expects a $100 price increase for iPhone 18 Pro and Pro Max models will dampen demand for these higher-margin devices. Apple shipped 232 million iPhones in 2024. [/QUOTE]