Apple is developing a foldable iPhone, expected to launch around 2026, as a way to reinvigorate interest in the product. The company also anticipates raising iPhone prices due to increasing component costs and a shift towards higher-quality, more expensive features.
According to Bloomberg, Apple has been working on a foldable iPhone for years, and the project has gained momentum recently. The device is currently in the early stages of development, but Apple is reportedly aiming for a 2026 release. This move is intended to bring “some magic back” to the iPhone, which has seen slowing sales in recent years.
Alongside the foldable iPhone, Apple is also planning to increase the prices of its existing iPhone models. This is due to rising component costs, particularly for displays and memory, as well as Apple’s strategy of adding more advanced features to justify higher price tags. The company believes that consumers are willing to pay a premium for innovative technology and high-quality products.
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