Will Apple replace a peeling MagSafe Wallet?

The only thing missing in your post is, whether or not, you are expecting that replacement to be "free." I'm going to assume that the answer is yes. As others have pointed out, Apple offers a one-year warranty against manufacturing defects. If you got this one last Christmas, it should be within that time period. However, it will need to be examined by an Apple Technician to verify that is the case and not due to user abuse. Should they determine it to be a defect, the replacement should be free.

Not sure why you are asking other users......just like you....about warranty decisions that can only be made by Apple.

Check with an authorized Apple service shop to start the process, since any replacement would involve an inspection by Apple.

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Apple's MagSafe Wallets are designed to last, but if yours is peeling, it may be defective.

Apple offers a one-year warranty on these accessories; if your wallet is within this period, contact Apple Support for a replacement.

While my advice is based on limited information, Apple will need to perform a proper inspection to determine warranty eligibility.

Good luck! 👋🏼😉