Apple is expected to launch its first foldable iPhone on Wednesday, marking the first major product launch for new CEO John Turnus. The device could cost more than $2000, making it Apple's most expensive phone to date. IDC expects Apple to take 40% of the folding screen smartphone market by the end of 2027. Apple is also expecting to delay the cheaper iPhone update until spring, and this launch will focus on the folding screen, Pro, and Pro Max models.

Apple is expected to launch its first foldable iPhone on Wednesday, marking the first major product launch for new CEO John Turnus. The device could cost more than $2000, making it Apple's most expensive phone to date. IDC expects Apple to take 40% of the folding screen smartphone market by the end of 2027. Apple is also expecting to delay the cheaper iPhone update until spring, and this launch will focus on the folding screen, Pro, and Pro Max models.