Apple is expected to enter the foldable smartphone market in 2026, marking one of the most significant hardware changes to the iPhone lineup in years, according to Bank of America.

Apple’s iPhone accounted for one in every four smartphones sold in China in October, marking a 37% year-on-year sales jump, driven by strong demand for the iPhone 17 series, according to data from research firm Counterpoint released Tuesday, News.Az reports, citing Reuters.

Smartphone shipments for Apple (NASDAQ:AAPL) and Samsung (KS:005930) declined in the fourth quarter globally, as they grapple with intense competition from Chinese companies including Xiaomi (OTC:XIACF), according to preliminary data from the International Data Corporation (IDC) on Monday, News.az reportsc iting TASS.