People look at iPhones at the Apple Fifth Avenue store in New York City, U.S., May 23, 2025.

Apple has plans to make a folding iPhone starting next year, reliable analyst Ming-Chi Kuo said on Wednesday.

Kuo said that Apple’s folding phone could have a display made by Samsung Display, which is planning to produce as many as 8 million foldable panels for the device next year. However, other components haven’t been finalized, including the device’s hinge, Kuo wrote. He expects it to have “premium pricing.”

Kuo is an analyst for TF International Securities who focuses on the Asian electronics supply chain and often discusses Apple products before they’re launched.

He wrote in a post on X that Apple’s plans for the foldable iPhone aren’t locked in yet and are subject to change. Apple didn’t respond to a request for comment.

Apple’s iPhone makes up over half of Apple’s business and remains an incredibly profitable product, accounting for $201 billion in sales in the company’s fiscal 2024. But iPhone revenue peaked in 2022, and Apple is constantly looking for ways to attract new customers and convince its current customers to upgrade to more expensive devices.