Apple Unveils $2,000 Foldable iPhone After 10 Years in Development
Apple is set to unveil its first foldable iPhone on Wednesday, a device priced at $2,000 or more, marking the biggest design change in the iPhone's 20-year history and serving as a debut for new CEO John Ternus. The project, code-named V68 and developed over a decade, was championed by former CEO Tim Cook after seeing foldable phones in Asia. The device features a 7.8-inch interior display and a 5.5-inch exterior screen, with prices potentially reaching $3,000 for larger storage configurations. The foldable phone faces challenges like reduced durability and battery life, but Apple expects to sell 7-10 million units this year. It kicks off a multiyear rollout of ambitious hardware, including smart glasses and a touch-screen MacBook.