Apple users waiting for the company to release a foldable iPhone may not have to wait much longer, with the company reportedly planning to release one soon.

Apple's iPhone represents roughly half of the company's revenue, but designs in recent years have largely stagnated, offering users only incremental improvements. As a result, sales have largely plateaued as the company has struggled to convince users to upgrade to models that don't offer much more than the ones they already have.

According to The Wall Street Journal, Apple is preparing two major upgrades to its iPhone lineup. The first is a thinner model, less than the current models' 8-millimeter design. WSJ says Apple intends to price the thinner phone at a point less than the Pro model. The new model is expected next year.

Meanwhile, the company is also working on not one but two foldable devices. WSJ reports that one of the models blurs the lines between tablet and laptop, with a screen that folds out to a whopping 19 inches.

The second model is a more traditionally sized phone, which will be larger than an iPhone 16 Pro Max when it is unfolded.

Apple has long been rumored to be working on a foldable iPhone but has not been satisfied by the limits of the technology. The company is known for creating some of the best-designed phones in the industry, with a near-maniacal focus on design. While foldable phones provide some significant advantages over traditional models, they also come with some equally significant trade-offs, especially when it comes to durability and battery life.

The fact that Apple appears to be closing in on a foldable release would seem to indicate that the company believes technology has finally reached a point where it can release a phone with minimal compromises. Either that or Apple is so desperate to jumpstart iPhone sales that it's finally willing to accept the compromises that come along with such devices.