Curious as to why people think it needs to be so high. I know Samsung flip advertises ~200k folds but who needs to fold that often? That's a hundred folds a day for years. I'd be surprised if anyone really uses more than ~10.
It depends on the phone. Foldables like the Samsung Z Fold or Pixel Fold with a full size outer screen and can be used as a proper smartphone without opening it will be opened less, whereas a foldable like the Samsung Z Flip or Motorola Razr with a half size outer screen that is of far lesser use will need to be opened more.
With both opening and closing each counting as a fold, and even assuming the average use is 14 folds per day (opening and closing 7 times), that's 10,220 folds over 2 years (the average contract length in the USA), or 35,770 folds over 7 years (the software support term for Google and Samsung phones now).
If you're paying upwards of $2000 for a foldable phone, wouldn't you basically demand that the phone be able to take its full lifespan of abuse and have some to spare?