Apple has been noticeably absent from the race for a foldable phone — and there's a good reason why

Apple's iPhone 11
Crystal Cox/Business Insider
Tech companies like Samsung, Microsoft, and Motorola are among the first to launch foldable smartphones.
But today's foldable phones are still noticeably more expensive than standard phones, and it's clear that companies are still refining their ideas.
Plus, there still isn't any evidence that customers are actually interested in foldable phones.
If Apple does release a foldable phone, it's likely to wait until the market has matured a bit more as