Apple is reportedly gearing up to launch its first-ever foldable iPhone, with the supply chain nearing finalization of specifications for a book-style device dubbed the “iPhone Fold.” The device is expected to debut in the second half of 2026, marking Apple’s highly anticipated entry into the foldable smartphone market. Though currently a niche segment, the arrival of the world’s most influential smartphone brand could drive rapid transformation and wider adoption.
According to a UBS research note titled “Unfolding the Implications of an iPhone Fold Launch,” Apple’s move could reshape industry dynamics. UBS’s teardown of Samsung’s Galaxy Z Fold SE, which has a bill of materials (BOM) cost of $790, suggests that Apple could achieve a slightly lower BOM of around $759. Savings on components like memory, processors, and camera modules are expected to offset the higher costs of premium materials such as a titanium frame and advanced hinge systems.
Production will initially be modest, with Apple planning to manufacture between 10 million and 15 million units in the first wave. This cautious rollout reflects the complexity and high cost of foldable technology. Early pricing speculation places the iPhone Fold between $2,000 and $2,400, potentially making it Apple’s most expensive phone ever. However, UBS analysts believe Apple’s disciplined cost management may allow for a slightly more competitive launch price—between $1,800 and $2,000—while still maintaining high profit margins of 53% to 58%, on par with or exceeding those of Samsung’s foldables and the iPhone 16 series.
Foldable iPhone and Ripple Effects Across Apple’s Ecosystem
The iPhone Fold is expected to generate a positive ripple effect throughout Apple’s supply chain. Beneficiaries may include companies like Amphenol, Hirose, TDK, Avary, and SDI, many of which are currently trading below historical valuation levels. Increased visibility and confidence from a major new product cycle could boost investor sentiment and stock performance.
Key beneficiaries by component:
- Display Panels: Samsung Display is likely to be the primary supplier, with an annual capacity of up to 15 million 7-inch foldable OLED screens. LG Display may also contribute as Apple looks to diversify suppliers.
- Casing and Hinges: The device is expected to feature a premium titanium body and liquid metal hinge. Suppliers such as Lens Technology, Amphenol, and Hon Hai (Foxconn) are positioned to gain from this.
- Assembly Partners: Hon Hai is expected to lead the assembly, with Luxshare serving as a secondary partner—highlighting Apple’s continued reliance on its robust manufacturing ecosystem.
Broader Industry Impact
Apple’s entry into the foldable space is likely to accelerate development across not only smartphones but also foldable tablets and notebooks. While late to the game, Apple’s strategy of leveraging a mature supply chain and refined product design could give it a competitive edge. Analysts suggest that Apple’s arrival may help push foldables into the mainstream, expanding the category well beyond early adopters.
As the tech giant prepares to unfold its next big innovation, the industry—and its rivals—are watching closely.
