Next year’s iPhone redesign with all-glass look might be canceled: report

Apple has reportedly canceled its all-glass iPhone redesign intended for the device's 20th anniversary. Jefferies analyst Edison Lee stated that supply chain checks indicate the project was scrapped due to poor production yield. Consequently, Jefferies downgraded Apple stock to Underperform, lowering the price target from 285.56 to 263.66. This decision raises concerns about Apple's innovation capacity and competitive edge, as the radically redesigned device was previously expected to launch as early as September 2027.