Apple is preparing its first foldable iPhone, targeting 10 million units, as it lines up a multi-model iPhone push for 2026-27

Apple is reportedly planning a significant expansion of its iPhone lineup between the second half of 2026 and the first half of 2027, with at least five new models, according to coverage that points to Nikkei Asia reporting. The roadmap includes Apple’s first foldable iPhone, paired with a more expensive “iPhone Ultra” concept positioned at the top end of the smartphone market.

The same reporting chain says Apple has raised its production goal for foldable phones to 10 million units, up from a prior target in the high single digits (about 7 to 8 million units in earlier figures cited by market commentary). Apple is aiming to ramp output early in the launch window, suggesting the company expects the foldable form factor to move beyond experimental volumes and into mainstream scale.

Pricing is a central part of the story. Market intelligence summarized in the coverage from IDC suggests the iPhone Ultra could be priced around $2,500, with certain configurations that add storage potentially pushing the total closer to $3,000. If accurate, that would mark a major step up from Apple’s typical handset price tiers, effectively placing the device in a “premium flagship” band closer to luxury consumer electronics than mass-market smartphones.

Beyond product design and capacity, the reporting also raises the possibility that Apple is trying to manage margins and supply constraints through component sourcing. Bloomberg is cited in the coverage as saying Apple is seeking more favorable terms on memory-chip procurement by attempting to source from Chinese memory suppliers ChangXin Memory Technologies and Yangtze Memory Technologies. The effort is described as a response to higher input costs, with the same reporting chain noting that Apple had previously raised prices on Macs and iPads to offset pressure from memory and other components.

The foldable and high-priced strategy, if it plays out as reported, would shift Apple’s smartphone portfolio toward a new premium segment. A 10 million-unit target indicates Apple is not treating the foldable as a limited-edition device, and the multi-model schedule suggests the company wants to broaden its iPhone lineup refresh beyond incremental updates.

For investors and analysts, Apple’s iPhone mix matters because the iPhone remains the centerpiece of the company’s hardware revenue engine. A new price tier and a new form factor could affect demand patterns, upgrade cycles, and market share, while any sourcing changes could influence gross margin trends. Even without disclosed details from Apple, the combination of a larger foldable output target and a procurement push points to an effort to reduce operational risk before launch.

Still, Apple has not publicly confirmed the specific model names, production targets, pricing assumptions, or the named sourcing relationships in the context described by the reporting. The information is attributed to third-party outlets and market research providers, and it may change as Apple locks component plans, manufacturing yields, and retail and carrier support. The company also does not appear to have provided official timelines or unit forecasts in the material cited by the coverage.

What to watch next is whether Apple provides any official guidance on the iPhone launch timeline, production ramp, or component strategy through its regular announcements, earnings calls, or regulatory filings. If additional supply-chain reporting emerges, particular attention will likely focus on the availability of foldable display technology, component costs for memory and storage, and how Apple positions the iPhone Ultra in the broader iPhone lineup.