Apple is ramping up development of its first foldable iPhone, which is expected to be officially unveiled in the fall of next year, according to an industry report from JPMorgan.
The bank estimates the device could be priced at around $2,400, potentially making it the most expensive iPhone ever released.
The report says the foldable model is likely to deliver breakthroughs in three key technologies: a crease-free inner display, a 24-megapixel under-screen camera, and a high-capacity battery, all aimed at positioning Apple competitively in the emerging foldable smartphone market.
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