We are just a few months away from Apple's big annual September iPhone event, where the company will undoubtedly make major announcements about the iPhone 18. There are also reports that the long-awaited foldable iPhone, known as iPhone Ultra, will be announced at the event.A new report from an Apple analyst today says the iPhone Ultra will likely launch at a price between $2,300 and $2,500. That's roughly twice the price of the iPhone 17 Pro Max.If you're really set on buying the foldable iPhone but are a little turned off by the price, here's how to justify it. The iPhone Ultra isn't just a foldable iPhone. It's also going to be like having a pocket-sized, foldable iPad.

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When closed, the iPhone Ultra will look like the average iPhone. However, when opened, the iPhone Ultra's inner display will be just like an iPad mini-sized OLED display with a 4:3 aspect ratio. The iPhone Ultra reportedly measures at 7.8 inches when opened, putting it right around the size of the 8.3-inch iPad mini.

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Over on Reddit, one user created a size comparison image of the iPhone Ultra's reported dimensions alongside Apple's current iPad lineup, including the iPad mini and iPad Pro.