Apple, Huawei foldable launches test weak smartphone market amid 2026 memory crunch

Apple and Huawei are set to launch foldable phones next week, offering a potential boost to a smartphone market projected to decline 17% in 2026. The launches come amid a memory chip supply crunch that is raising costs and pressuring margins. The event also marks the keynote debut of Apple's new CEO John Ternus, adding leadership transition significance.