Apple is rumored to launch its first foldable smartphone, widely referred to as the iPhone Fold, next year. A new report from market research firm IDC offers a clearer look at the potential impact the device may have on the global foldable market.

According to IDC, the iPhone Fold is expected to claim more than 22% of global foldable smartphone shipments in 2026. The firm also predicts that the device will account for 34% of the foldable market’s total value, driven by its rumored $2,400 price tag.

Foldable Market Growth Accelerated

IDC reports that the introduction of the iPhone Fold, alongside devices such as Samsung’s Galaxy Z TriFold and new models from Huawei, will contribute to increased consumer interest in foldables. The category is projected to grow by 30% in 2026 as a result.

Foldable smartphones are expected to continue outperforming the broader smartphone market through the decade. By 2029, IDC estimates that foldables will represent more than 10% of the total smartphone market value.

The iPhone Fold is reported to feature a 5.8-inch outer display, a 7.58-inch inner folding screen, and a battery capacity larger than that of the iPhone 17 Pro Max.