Apple’s anticipated foldable smartphone, rumored to be called the iPhone “Ultra” or iPhone Fold, may experience significant supply shortages following its launch in late Q3 2026, according to analyst Ming-Chi Kuo. Kuo projects that the initial production capacity will be limited to between 500,000 and one million units shortly after the release.
By the end of 2026, Apple is expected to ramp up production significantly, shipping approximately seven to eight million units. Kuo attributed the gradual production increase to the complex design of the iPhone Ultra, which presents unique manufacturing challenges similar to those faced during the launch of the iPhone X, known for its technical advancements.
Despite its projected high price of up to $2,500, Kuo indicated that demand for the foldable iPhone would remain robust throughout 2026. “Scarce initial supply, a highly recognizable design, and an innovative user experience should all support a short-term resale premium,” he stated. Pre-orders are expected to sell out immediately, with potential lead times of six weeks or more continuing into December.
While Kuo’s insights paint a positive outlook for the iPhone Fold, they should be approached with caution, as Apple has not officially confirmed the device’s existence. Some recent updates in the iOS 27 beta, which show terms like “foldState” and “angleDegrees,” suggest that Apple may be preparing for a foldable device launch.
The rumored iPhone Ultra is anticipated to feature a 5.5-inch exterior display and a 7.8-inch interior display, slightly smaller than the 8.3-inch iPad mini. The device is expected to have a squarer profile compared to Samsung’s Galaxy Z Fold 7 when folded, but will be wider when unfolded. It is also reported to utilize a flexible OLED display along with a laser-drilled metal support plate to reduce stress, and will include a nearly invisible crease.
