New Apple CEO John Ternus will host his first major hardware event today in Cupertino, California, where the company is expected to unveil a foldable iPhone.
The device, rumored to be called the iPhone Ultra, is expected to start at $2,000 and features a design that combines smartphone portability with a tablet-sized display.
IDC research suggests Apple could capture 31% of the foldable smartphone market by the end of 2026, despite global smartphone shipments projected to decline by over 16% this year.