(NASDAQ: AAPL) has been witnessing resilient demand for its iPhones even though the overall smartphone market is in the soup, as was evident from the company's results for its fiscal 2023 second quarter (ended April 1), which were released on May 4. But there's one niche of the smartphone market the tech giant has yet to tap.

The Cupertino-based company is now the only smartphone original equipment manufacturer (OEM) that's yet to launch a foldable smartphone. This space is currently dominated by Samsung, which is followed by Chinese OEM Huawei. Other Chinese smartphone companies such as Oppo and Vivo also have a presence in the foldable smartphone market.

And now, Alphabet has joined the foldable smartphone bandwagon with the Pixel Fold. So, is Apple's absence from this market a missed opportunity? Let's find out.

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Source Fool.com