Historically Apple hasn't really had a problem with cannibalizing their own sales - the $329 iPad, Apple Watch SE and this phone right here probably cannibalize sales of the more expensive SKUs, but they exist regardless.
I suspect the real reason they haven't released a foldable yet is that foldables still need to have a soft plastic screen and a crease/bump in the middle, and Apple's design neuroticism would never permit them to ship such a thing.
Yeah. Very true on all counts.
I really don’t want to leave Apples ecosystem but when my phone is due for renewal later this year, I’d seriously consider switching to Android if it meant getting a foldable screen.
Agreed. Apple wouldn’t tolerate anything but the faintest of lines down exactly the middle of the screen.