I can’t imagine such a gimped iPhone being called an “Ultra”. It has fewer cameras than a pro, possibly less battery life, a visible crease on the screen, & probably more missing, plus it’s going to cost an arm & a leg. Yes it will have a bigger screen when unfolded but unless it locks into an open position using it full screen in your hands is going to be weird. I know there are some people who are excited to get an iPhone & an iPad mini in one device, but this is not going to be that. Time will tell, but I’ll be surprised if this is a runaway success in the way that the iPhone 17 Pro Max was. For me I’m sticking with my iPhone 17 Pro Max & my M4 iPad Pro 11”.