Apple is progressing towards the launch of a foldable iPhone, projected for 2026, with a design that may echo current foldable phones like the Galaxy Z Flip 5 or Motorola Razr Plus.

In addition to the foldable iPhone, Apple is also said to be developing a foldable iPad mini that could be released as early as 2024.

The specific features and the necessity of a foldable iPhone are still uncertain, leaving consumers and industry watchers to speculate on its potential advantages.

The anticipated cost of Apple's foldable iPhone is expected to be high, potentially surpassing the price of existing foldable smartphones on the market.

Despite the possibility of future price reductions, Apple's timeline for the foldable iPhone suggests it may be further along in development than previously believed.

Upon the news, Apple's stock experienced a slight decrease on Wednesday.