A fan-made render of a folding iPhone (Image credit: foldable.news) By now, it looks like we have a pretty good idea of what to expect from Apple 's folding iPhone, rumoured for release later this year. For one thing, it probably won't be called the iPhone Fold, with Apple likely to adopt the 'Ultra' moniker from the Apple Watch line up. But if new reports are to be believed, the iPhone Ultra might be making some technical sacrifices. The folding iPhone is said to be doing away with Face ID, instead leaning on the older Touch ID technology to allow users to unlock the device. This is an unusual step backwards for a supposedly premium device (that's said to be coming with an 'ultra' price tag of around $2000). But there's a reason for the change.…