According to reports, Apple has canceled the all-glass version of the iPhone.

Jeffries' supply chain research indicates that due to poor production yield, Apple has canceled its plan to launch the all-glass version of the iPhone for its twentieth anniversary. This model was originally expected to be released in September 2027, with an estimated average selling price of $2,600. Jeffries believes that the project's halt will constrain Apple's ability to further raise iPhone prices and profit margins amid soaring storage chip costs. The agency has downgraded Apple's rating to Underperform and lowered the target price to $263.66.