Apple may be closer than ever to making its long-rumored foray into the foldable smartphone market, and it might even be less expensive than analysts had initially predicted. The hinge mechanism for Apple's next foldable iPhone is expected to be substantially less expensive than initial estimates, opening the door for a more competitively priced handset, according to analyst Ming-Chi Kuo of TF Securities International.

According to Kuo's most recent Medium blog, upon mass production, the hinge component's average selling price (ASP) could be anywhere from $70 to $80 (about ₹7,000 to ₹8,000). This amount is a significant decrease from the previous projections of $100–$120 (₹8,000–₹10,000) per unit.

Kuo clarified that improved assembly design and manufacturing efficiency, led by Apple's supply partners, are what reduced the cost rather than cheaper raw materials. The development may make the foldable iPhone more affordable than competing products by helping Apple increase profits or pass along some of the savings to customers.

Foxconn and Taiwanese manufacturer Shin Zu Shing (SZS) have reportedly established a joint venture aimed at manufacturing the folding hinge in order to support the project. Foxconn is rumoured to have a significantly bigger interest in the partnership and will be in charge of strategic choices.

Amphenol will handle the remaining 35% of hinge orders, with the joint venture reportedly having acquired about 65% of them. Kuo added that Luxshare-ICT might become a new supplier after 2027, which could further reduce prices through competition.