Apple remains the only big phone maker without a foldable phone, and the latest rumor says one could launch by 2026.

First, it comes from the almost-always reliable Apple analyst Ming-Chi Kuo, who shared his latest predictions in a blog post on Thursday. The foldable iPhone, he writes, is likely to be finalized in late 2025 with sales starting in the last quarter of 2026.

Apple could ship its first foldable smartphone next year, according to Ming-Chi Kuo, an analyst for TF International Securities who closely monitors the company’s supply chain. Apple didn’t immediately respond to a request for comment early on Thursday.