From BigGo Finance · BigGo Finance · · 1m 10s
Apple's Foldable iPhone Duo Sells Out
Apple's first foldable iPhone duo sells out in minutes, delivery pushed to late January.
In brief
Apple's first foldable iPhone duo sells out in minutes, delivery pushed to late January. Apple's iPhone Duo pre-orders sold out within minutes, with delivery estimates delayed to late January due to high demand. Originally reported by BigGo Finance.
Pre-orders open
Apple's first foldable phone opened for pre-orders on october 16.
Delivery pushed back
Delivery estimates slipped from november to late january for all models.
Apple's statement
Apple described pre-order demand as "stunningly strong" and working to accelerate deliveries.
Pricing details
The device starts at $1,999 with the top-tier 2tb model priced at $3,200.
Sales forecasts
Bloomberg Intelligence analysts projected 14 million units and $28 billion in fiscal 2027.
Analyst optimism
Wedbush Securities analyst Dan Ives projected up to 25 million units in 2027.
CEO background
Apple CEO John Ternus filed a foldable patent in 2011 and has worked on design since.
Market reaction
Apple shares closed up 0.4% at $343.46 after rising as much as 1.7% intraday.
Resale prices
Some sellers on eBay are asking up to $5,000 for the iPhone Duo.
The bottom line
Apple's iPhone Duo pre-orders sold out within minutes, with delivery estimates delayed to late January due to high demand.
