The excitement around the next iPhone cycle is already building, and this time it’s not just about faster cameras or sleeker designs. Apple (AAPL) is expected to step into the foldable arena as early as September, alongside a redesigned glass-heavy iPhone Pro. If that plays out, it could open a fresh upgrade cycle and, more importantly, ignite demand deep inside the supply chain, where chipmakers stand to gain the most.
That’s exactly where Barclays sees an opportunity. Heading into earnings season, the brokerage firm reshuffled its semiconductor coverage, arguing that most of the sector’s growth story is understood and already priced in through 2027. In such a crowded trade, investors are hunting value.
