Apple shares sink 4% on report of foldable iPhone delays

The company is reportedly facing engineering challenges in the development of the foldable phones, which are anticipated to launch later this year..

• In this article Shares ofApplefell Tuesday after reports that the company is facing engineering challenges with its highly anticipatedfoldable iPhones
• "Apple and the supply chain are working under a pressured timeline and the current solutions are not enough to completely solve the engineering challenges
• More time is needed," a person familiar with the situation toldNikkei Asia