Apple is likely to follow in the footsteps of Samsung and Oppo with a foldable iPhone soon. The first foldable iPhone could be called “iPhone Fold” and could be launched in 2025, media reports say. An Apple Insider reports that the iPhone Fold will likely feature an OLED display, among other new features.
Note that Samsung currently dominates the foldable market with the company’s fourth-generation foldable devices, the Galaxy Z Fold and Galaxy Z Flip.
According to well-known informant John Prosser, Apple could opt for a foldable design similar to the Samsung Galaxy Z Flip. However, the durability of the first foldable iPhone is noteworthy.
Earlier in November, Samsung’s mobile division, called Mobile Experience Business, held a meeting with suppliers in the third week of October to discuss foldable smartphone strategies, reports TheElec. During the conference, Samsung said it expects Apple to join the foldable race in his 2024.
Samsung also shared that in the Korean market, iPhone users in their 20s and 30s are switching devices to Samsung foldable phones at a rate that is three to four times higher than before. The South Korean mobile phone giant shared with suppliers that the foldable smartphone market he believes will have his CAGR of 80% by 2025.
Meanwhile, in early October, CCS Insight analysts predicted that Apple would launch a foldable iPad in 2024 instead of a foldable iPhone smartphone.
According to CCS Insight analyst Ben Wood, the first foldable iPhone will likely cost around $2,500. Currently, the new iPhone 14 Pro Max with maximum storage, which is also the most expensive model, costs around $1,599. “A foldable iPhone would be very risky for Apple. First, it would have to be incredibly expensive not to prey on existing iPhones,” he said. He reportedly told CNBC.