Foldable iPhone Is Niche Product, Singh Says

• Foldable iPhone is anticipated to have a high price point of around $2,000.
• This high price will likely limit widespread adoption and prevent a mass upgrade cycle.
• Rising component costs, such as memory, are contributing factors to the elevated price.
• The product is compared to the 'Vision Pro,' indicating it will be a niche offering.

Mandeep Singh of Bloomberg Intelligence suggests that Apple's potential foldable iPhone, likely priced around $2,000, will be a niche product rather than a mainstream device. He believes the high price point, partly driven by increasing component costs, will make it difficult for many consumers to upgrade, thus not triggering a significant upgrade cycle.