We know that Apple's first foldable iPhone is going to be expensive, but a new report suggests it might not completely break the bank.

The first foldable iPhone is expected to be revealed in September 2026 during Apple's annual iPhone event, according to a report from financial services firm JPMorgan, at a price of $1,999. It will be part of Apple's iPhone 18 lineup, the report said. The iPhone will reportedly include these features:

“When the company introduces its first foldable iPhone at the end of next year, it will be entering a product category that’s already seven years old—pioneered and dominated by its biggest hardware rival, Samsung Electronics Co. And this time, Apple won’t be debuting a radically new interface or transformative hardware,” writes Gurman.