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Apple's Foldable iPhone Took Nearly a Decade to Develop

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Apple CEO Tim Cook returned from an Asia trip around 2020 visibly enthusiastic about foldable smartphones, sparking renewed internal interest in the product category. The foldable iPhone is reported to be priced at approximately $2,000, placing it in the ultra-premium segment. The device is said to have been in development for close to ten years before nearing a public release. Apple's long development timeline reflects the company's cautious approach to entering new hardware categories. The foldable iPhone is expected to mark a significant shift in Apple's smartphone lineup.

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