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Technology4h 18m ago

Apple is introducing a new $1,999 iPhone Ultra foldable smartphone to target affluent users and absorb rising component costs, allowing the iPhone 18 Pro to maintain its $1,049 price point.

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Who
Apple, Tim Cook, Mark Gurman
What
Apple is introducing a new $1,999 iPhone Ultra foldable smartphone to target affluent users and absorb rising component costs, allowing the iPhone 18 Pro to maintain its $1,049 price point.
When
Sun, 14 Jun 2026 20:46:52 GMT · 4h 18m ago
Where
global ·
Why
The premium smartphone market is reaching saturation, and typical upgrade cycles are extending, prompting Apple to revise its pricing strategy to maintain revenue.
The Frontline Impact

How this affects you

This strategy aims to bolster Apple's revenue by catering to high-end consumers with a luxury device, while ensuring the core iPhone 18 Pro remains competitively priced to retain its mass-market appeal amidst rising component costs.

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