Apple to unveil first foldable iPhone under new CEO John Ternus

Apple is expected to unveil its first foldable iPhone at a Wednesday event in Cupertino, California, marking a major design shift under new CEO John Ternus, with analysts predicting a price above $2,000. The event would be Ternus's first major public address since taking the helm, and the foldable device represents Apple's most significant iPhone redesign since 2017. The iPhone generated $209.6 billion in Apple's latest fiscal year, over half of total sales. Analysts expect initial demand to exceed production capacity, with IDC forecasting Apple to capture 40% of the foldable market by late 2027. The company may also shift its launch schedule, delaying cheaper iPhone models until spring.