It's expensive but also a similar price to other flagship phone models.

Pixel 11 Pro Fold is MSRP $1900+

Samsung Galaxy Z Fold 8 MSRP is $1900+ ($2100 for 512GB storage)

Samsung Galaxy S26 Ultra 512GB MSRP $1600 (and this was before a lot of hardware price increases, I imagine the Galaxy S27 will be more expensive)

iPhone 18 Pro Max 512GB $1500 on Apple Store

As memory and storage chips get more expensive, phones will continue to get more expensive. Even Qualcomm SoCs have seen significant price hikes. [1]

[1] https://finance.yahoo.com/markets/stocks/articles/qualcomm-t...