Apple to unveil folding iPhone in first major overhaul in a decade

Apple is expected to unveil a pricey folding iPhone at a launch event Wednesday in Cupertino, California, marking its first major flagship overhaul in nearly a decade. The event is the first with new CEO John Ternus, who must convince customers to pay over $2,000 US for the device. Analysts predict Apple will sell every unit it produces and capture 40 percent of the niche market by late 2027. Foldable phones have remained a niche, single-digit share of the global market due to trade-offs like inferior cameras and shorter battery life. Apple's late entry may help it master engineering challenges, though dust and water resistance remain a key hurdle.