Is a foldable iPhone on the cards?

App Store results for a search for the Linked In app

But that isn't stopping the rumor mill.

As per the reports, Apple would introduce a more wallet-friendly 9.7-inch iPad next week at a special event scheduled to happen in Chicago.

The model would replace the MacBook Air, Apple's ultraportable laptop released a decade ago.

But the press event isn't expected to include any major announcements, like a dramatically redesigned iPhone or iPad.

But there was more to Apple's week than talk of education.

BTIG Research's Walter Piecyk, who has a Buy rating on Apple shares and a $198 price target, today writes that although sales of the iPhone have been weaker than expected, and are likely getting weaker still, the average selling price of the thing may end up being better this quarter than the Street expects, which could help sales and profit.

A senior analyst Wamsi Mohan shared his prediction in a research note obtained by CNBC after meeting several Apple suppliers in Asia.

"An electronic device may have a flexible portion that allows the device to be folded".

According to Apple's website, the school where the event will take place is not an "Apple Distinguished School", a designation given to institutions with a curriculum that uses Apple products and provides iPads to all students.

The rumors regarding the release of a foldable phone from Apple surfaced originally previous year when Apple was apparently working with LG in an effort to research foldable screen technology. According to a Financial Times report this week, Apple now has permits to test 45 self-driving cars in California That's more than the 39 permits for Tesla and 29 for Uber. Apple is believed to be developing self-driving vehicle technology and not actual cars.

It appears Apple is once again determined to conquer the educational market after seeing the success of Google and Microsoft in the recent years. This will follow up the innovation that the company showed with the iPhone X. And as always, stay tuned for more news, leaks and rumors on Apple! That technology, called MicroLED, makes for slimmer and brighter screens than those that use other technology, like liquid crystals or organic light-emitting diodes.

Next week's event will also provide an opportunity for Apple to boast about the work it's doing with Chicago schools. He adds that future iPhones may also get support for the Pencil.

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