Apple has canceled its ambitious all-glass iPhone redesign, originally slated for September 2027 to celebrate the device’s 20th anniversary. The company abandoned the project due to persistent manufacturing problems: yields for ultra-thin curved glass never reached acceptable levels. Analyst Edison Lee of Jefferies confirmed the cancellation through supply-chain checks and simultaneously downgraded Apple’s stock from « Hold » to « Underperform ». The price target was reduced from $285.56 to $263.66. This decision reflects broader concerns about Apple’s ability to innovate in an increasingly competitive smartphone market.
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