Apple Unveils Folding iPhone, Priced Above $2,000

Apple is expected to unveil its first folding phone at an event on Wednesday, marking a significant overhaul of its flagship product. The new device, priced above $2,000, will be the most expensive iPhone yet and a major departure from the company's traditional designs.

The event, led by new CEO John Ternus, will also introduce the latest iPhone Pro and Pro Max models. Analysts predict that Apple will sell out of its foldable iPhones quickly, capturing 40% of the niche market within a year.

While Samsung and Huawei have already released folding phones, they have remained a luxury item for tech enthusiasts. Apple's late entry into this category may actually work in its favor, as it can focus on perfecting key engineering challenges such as creating a durable hinge that minimizes creases.

The company is also expected to address concerns about dust and water resistance, an area where Google's Pixel 10 Pro Fold has outperformed Samsung's offerings. Apple's new annual product schedule will see the introduction of new watches in March, with affordable iPhone updates delayed until next spring.