A transformable holster (10) for a portable product (12) can include a lower base portion (22) having a receptacle for receiving a lower portion of the portable product, and an upper base portion (14) coupled to the lower base portion. The lower base portion moves relative to the upper base portion and the transformable holster can transform into a compact holster when the upper base portion is detached from the portable product. The holster can optionally include an intermediary portion (20) pivotably hinged to the lower base portion and the upper base portion and a biasing member such as one or more spring loaded pivot joints (17 and/or 19). In one alternative (70) using a dove tail arrangement, one among an upper base portion (72) and the lower base portion (74) can slide into each other to form the compact holster.
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