Apple’s rumored all-glass iPhone planned for the 20th anniversary is reported to be canceled, according to an analysis by Jefferies analyst Edison Lee cited by multiple outlets. The redesign has been discussed for more than a year as a potentially major departure from current iPhone designs, with earlier speculation pointing to a launch window in the fall of 2027.
The reports say Jefferies’ supply-chain checks indicate production would have suffered from low yields, meaning manufacturers were not producing enough defect-free units. MacRumors and Macworld also link the decision to the economics of building such a device, including component and memory costs. Both outlets note that Lee downgraded Apple’s rating to “Underperform” (equivalent to a Sell) and cut his price target, with Apple shares reportedly dropping after the downgrade.
There are also differences in how definitively the reports interpret the cancellation. One possibility is that only the all-glass elements tied to the 20th-anniversary model are being scrapped, while other rumored design features could remain in development. Earlier speculation has included elements such as a quad-curved look, minimal cutouts, and under-display biometric features, but it remains unclear what parts—if any—move forward.
