Apple has officially unveiled its first-ever foldable iPhone, marking a significant milestone for the company as it enters the folding smartphone category. The announcement confirms long-standing industry anticipation and signals Apple's entry into a competitive market of flexible-display mobile devices.

The new foldable iPhone will feature a starting price of $1,999, positioning it squarely in the ultra-premium tier of consumer smartphones. This price point reflects the advanced engineering and specialized display technology required for Apple's newest form factor.

While detailed hardware specifications and regional availability timelines will be outlined through official channels, the introduction of a foldable device represents one of the most substantial hardware shifts for the iPhone lineup to date.

For full details and comprehensive coverage of the announcement, check the original reporting at ABC News.