Yes, Apple will make a foldable smartphone. According to DigiTimes, Apple won’t be releasing the foldable iPhone until 2022; the report claims that the foldable iPhone is still undergoing testing at Foxconn Taiwan. Also, according to UBS predict, apple will make a foldable smartphone in the next two years, and the device is likely to be an iPad, not iPhone.
Apple has had a past history of releasing thin, sleek devices, but no record of the foldable phone; it is believed that with time apple will release a foldable phone with a high design standard. Rumors of apple's foldable phone have always popped up. For example, in 2017, it was reported that Apple was working with LG on foldable phones. In 2016, there were also rumors that Apple will be releasing foldable phone in 2020.