for a first foldable iteration - apple has hit it out the park compared to other foldables on the market.
when the google & Samsung ones first came out they were plagued with problems.
but I think apple should've also had a foldable in the form of a razr ultra since they already have an iPhone air.
Usually Apple waits for other companies to work out the low-hanging-fruit problems, so they don’t have to release a device with a bunch of low-hanging-fruit mistakes. As a result, you shouldn’t grade them on the “first iteration” scale. They intentionally waited for other companies to work out the details and now their device gets to compete with the developed offerings of those companies.
It still looks quite decent though.