08:42 AM EDT, 05/05/2025 (MT Newswires) -- Apple ( AAPL ) plans to release an ultra-slim iPhone later this year, followed by a foldable phone next year, The Information reported Saturday, citing sources familiar with the matter.

The redesign is intended to reinvigorate iPhone demand, though initial production capacity for the new thin model will be limited due to uncertain consumer interest, the report said.

Also next year, Apple ( AAPL ) intends to change its release strategy, launching pricier, more premium versions in the fall as usual, but pushing the more affordable standard model to the following spring, the report added.

Apple ( AAPL ) did not immediately respond to MT Newswires' request for comment.

Shares of Apple ( AAPL ) were down more than 1.1% in recent Monday premarket activity.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)