A folding apparatus includes a first housing, a first support plate, a middle housing, a first mounting bracket, a first transmission arm, and a first rotating arm. The first mounting bracket is fixed to the first housing, the first transmission arm is rotatably connected to the middle housing, a rotation center is a first axis, and the first transmission arm is slidably connected to the first mounting bracket and slidably connected to the first support plate. The first rotating arm is rotatably connected to the middle housing, a rotation center is a second axis, the first rotating arm is rotatably connected to the first mounting bracket, and the second axis and the first axis are not collinear. The first support plate is rotatably connected to the first mounting bracket, so that the first housing and the first support plate switch between a flattened state and a folded state.