The mobile phone company is developing a new product with the capability to bend in the middle, according to a top expert, and the phone is nearly ready to launch, the Sun Online reported.
Apple first released their popular iPhone back in 2007 and over the years, the development of the needed technology hasn't really changed much - with phone makers sticking to the slim, rectangular design.
But now Wamsi Mohan, analyst at top Wall Street firm Bank of America Merrill Lynch, believes the tech giant is changing the way mobile phones are made.
Wamsi said: "Our checks also suggest that Apple is working with suppliers on a foldable phone."
Although Apple has yet to confirm this news, Wamsi also revealed that the phone could double up as a tablet as well.
This news comes after Apple revealed they are planning to launch a new colour variant of the iPhone X in an attempt to restore sales.
According to a new report obtained by rumour site Macotakara, it simply says that "for a purpose of restoring sales of iPhone X, Apple plans to release a new colour" that will act to drive additional sales, but the report failed to reveal what the colour may be.
Currently the device is available in tow colours - space gray and silver - compared to the other phones which offer more colour availability.
The iPhone X has seen poor sales since its first release due to the price of the product and Apple are reportedly working on ways to boost their original poor sales.
Macotakara also reported that the company is planning a sixth-generation iPad for the third quarter of the year.
The fifth generation model was released last March and the new product will reportedly keep the same enclosure and screen size as the current model.