Overview
- Jefferies analyst Edison Lee said supply‑chain checks show the rumored all‑glass iPhone was cancelled because of poor production yields and cut Apple’s price target from $285.56 to $263.66.
- Bloomberg reported that the program remains active and is being reworked for next year’s iPhone Pro models, codenamed V73 and V74, with glass on the front and back that wraps to the sides while a metal midframe is kept.
- Bloomberg added that Apple abandoned an even more aggressive multi‑panel all‑glass concept earlier after engineers found it hard to join multiple glass panels and meet mass‑production requirements.
- The two accounts conflict and leave the key technical and commercial question unresolved: whether manufacturers can achieve the yields needed to mass‑produce the tempered glass design at acceptable cost.
- Market watchers should watch for supplier yield reports, any comment from Apple, and future analyst checks because the outcome could shape Apple’s product roadmap credibility and its ability to raise average Pro prices and margins.