Apple prepares its first foldable iPhone at a price above $2,000

According to the Folha de S.Paulo newspaper, Apple is preparing to unveil a foldable screen and a price tag above $2,000 in its next line of devices. The move aims to persuade customers to adopt innovations not seen during the phone's two decades of history.

The launch is part of the first series of products to be presented by the company's new chief executive, John Ternus. Technological changes in the mobile phone sector are unfolding amid higher production costs for global manufacturers.

Meanwhile, direct competitors in the Asian market such as Huawei have also introduced new advanced high-end models to defend their position in the foldable device industry against other brands such as Xiaomi.