Foldable iPhone Development History and Price Revealed in New Report

Former Apple CEO Tim Cook played a major role in the development of the foldable iPhone, which could reach around $3,000 with storage upgrades, according to new details shared by Bloomberg 's Mark Gurman . Early in the development of the foldable iPhone, the company reportedly targeted a starting retail price of $1,999, hoping to come under the "potentially controversial $2,000 barrier." The idea was to replicate the debut of the iPhone X in 2017, which started at $999.