Apple's foldable iPhone to start at $2,199 with staggered global launch

Apple's first foldable iPhone will reportedly start at $2,199, with higher storage configurations approaching $3,000, according to a new report detailing its development and potential staggered launch. The price was revised upward from an initial $1,999 target due to global memory shortages, though Apple believes consumer willingness to spend on premium models justifies the device. Former CEO Tim Cook championed the project after seeing foldables in Asia, and the device features a titanium-aluminum hinge and custom Corning cover glass. The foldable iPhone includes a 7.8-inch inner display and 5.5-inch outer display, with new CEO John Ternus positioned to showcase the engineering. Limited initial production of a few hundred units daily may lead to a country-by-country rollout, with China potentially receiving the device later.