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.
Wall Street analyst says radical iPhone redesign for 20th anniversary has been canceled
Today Wall Street firm Jefferies downgraded its Apple stock rating to “Underperform,” with analyst Edison Lee citing the possible cancellation of the 20th anniversary iPhone redesign as a big reason.
Mackenzie Tatananni, writing at Barron’s:
The downgrade hinges on the suspected cancellation of Apple’s all-glass iPhone. Although the project was reported to be in development as far back as 2025 and rumored to launch as early as 2027, Apple never commented on the speculation. However, the company quietly filed a patent application for a “six-sided glass enclosure” in 2019.
