Apple is said to be working on a folding iPhone. Now, an indepth report from an industry heavyweight gives details on what it could be like.

Apple could ship its first foldable smartphone next year, according to Ming-Chi Kuo, an analyst for TF International Securities who closely monitors the company’s supply chain. Apple didn’t immediately respond to a request for comment early on Thursday.

According to Ming-Chi Kuo, Apple’s first folding iPhone is “expected to retail above $2,000 and $2,500.” That would make it the most expensive iPhone ever made and rival some high-end MacBook Pro configurations. It’s also more expensive than the Galaxy Z Fold6, which retails for $1,600.