New Delhi, Oct. 14 -- Apple's long-rumoured entry into the foldable smartphone market may be closer than ever and potentially more affordable than analysts had previously forecast. According to TF Securities International analyst Ming-Chi Kuo, the hinge mechanism for Apple's upcoming foldable iPhone is set to cost significantly less than earlier projections, paving the way for a more competitively priced device.

In his latest note published on Medium, Kuo revealed that the average selling price (ASP) of the hinge component could range between $70 and $80 (approximately Rs.7,000- Rs.8,000) during mass production. This figure represents a notable reduction from the earlier estimates of $100-$120 ( Rs.8,000- Rs.10,000) per unit.

The lower ...