Apple launches foldable iPhone, redefining flexible displays

Apple unveiled its first foldable iPhone on Wednesday, entering the foldable device market and directly challenging rival designs. The new device, priced from $1,999, aims to redefine flexible displays with a seamless, passport-sized form factor. CEO John Ternus emphasized the need for larger screens and criticized existing foldables as feeling like "two phones awkwardly stuck together." The device features a custom dynamic hinge, flexible glass, and both internal and external displays, with pre-orders opening October 16 and sales starting October 23. Wall Street analysts had predicted a "sell-the-news" scenario, and Apple shares initially fell 1.5% following the announcement. However, long-term outlooks remain positive, with price targets up to $400, though supply chain risks exist regarding Samsung Display's market share.