Apple’s new boss starts with big gamble on costly first folding iPhone

Ternus said during the event that Apple wanted to avoid the look and feel of other foldable smart phones on the market, which he said "feel like two phones stuck together...

Ternus, who took on Apple's top job after Tim Cook stepped down, was onstage Wednesday at the company's annual product release event, in front of large images of the first foldable iPhone." The foldable phone has been a work in progress at Apple for several years.