The rumored iPhone Ultra would be Apple’s first folding phone and its most expensive iPhone, with a price expected to exceed $2,000. Rather than quietly testing the category, Apple appears ready to place the new form factor at the very top of its range.
Industry expectations point to a wider folding design, arriving as global foldable shipments are forecast to grow 20 percent in 2026. Apple has reportedly asked suppliers to prepare around 10 million units, a substantial opening move after nearly eight years of foldable development across the industry.
Apple’s 2nm A20 Pro wafers are said to be progressing well, but scarce mobile DRAM is delaying packaging. Around $1 billion in processors may be sitting unfinished, creating the risk of thin retail inventory and longer online waits even if Apple satisfies initial launch demand.
The Ultra is expected beside the iPhone 18 Pro models in September, yet preorders may not begin until the fourth quarter. That gap would make the foldable both Apple’s headline device and its hardest new iPhone to obtain.
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iPhone Ultra (foldable) is already out — it released September 2026.
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