Next year’s iPhone redesign with all-glass look might be canceled: report
Rumors have long indicated that Apple is working on an all-glass new iPhone design for the 20th anniversary next year. But an analyst from Jefferies believes that device is no longer moving forward.
Apple may cancel its all-glass iPhone redesign for the 20th anniversary next year, according to a report from Wall Street firm Jefferies. Analyst Edison Lee downgraded Apple's stock rating to "Underperform," citing the possible cancellation of the iconic redesign as a significant factor. The downgrade is based on reports that Apple quietly filed a patent application for a "six-sided glass enclosure" in 2019, but has since halted development.
Jefferies believes low yield in the supply chain led to the cancellation, which could pose a setback for the company's efforts to introduce higher-priced iPhones amid rising memory costs. If Apple had launched the device in September 2027 to celebrate the iPhone's 20th anniversary, it would have carried an estimated retail price of $2,060, higher than any previous model.
The analyst also points to Apple's AI strategy and rising component costs for iPhone 19 Pro as additional reasons to lower the company's stock rating. While it's unclear whether the entire redesign has been shelved or only certain aspects, Lee believes the plan was to extend all-glass features to future iPhone Pro and Pro Max models, potentially raising their average selling price and margins.
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