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Apple Inc. (NASDAQ:AAPL) is included among the Top 12 Dividend Stocks to Buy According to Billionaire Cliff Asness.

On June 17, Bloomberg reported that Apple Inc. (NASDAQ:AAPL) is preparing a second-generation iPhone Air for release in spring 2027 as it looks to strengthen the appeal of its slim smartphone lineup, according to people familiar with the matter.

Current prototypes of the new model, code-named V62, include a second rear camera designed for ultrawide-angle photography. The sources, who requested anonymity because the product has not been announced, said the device is now in advanced testing within Apple.

The iPhone Air, first introduced in September 2025, is part of Apple’s effort to expand its $210 billion iPhone business through new designs. The company is also planning to launch its first foldable smartphone later this year. Bloomberg News previously reported that Apple is developing a special 20th anniversary iPhone for 2027, featuring a curved display that wraps around the edges of the device.

If the new Air model launches in spring 2027, about a year and a half will have passed between the first and second generations. Even so, the product timeline and specifications could still change. A spokesperson for Apple, based in Cupertino, California, declined to comment.

Apple is also adjusting its product release strategy. The company has traditionally unveiled its main iPhone lineup each September. This year, though, the fall release is expected to focus only on higher-end devices, including the iPhone 18 Pro, iPhone 18 Pro Max, and a new foldable model.

Apple Inc. (NASDAQ:AAPL) designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories. The company also offers a range of related services. Its product categories include iPhone, Mac, iPad, Wearables, Home, and Accessories.

While we acknowledge the potential of AAPL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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