Apple is set to launch a foldable iPhone next year with a novel hinge mechanism to prevent display creasing.The foldable iPhone will have a different aspect ratio than the Galaxy Z Fold models, resembling an iPad mini when unfolded.Reports suggest that the first-generation foldable iPhone might cost between $2,000 and $2,500.A recent report implies that the foldable iPhone might replace Face ID with Touch ID, which could be a dealbreaker for some users.