Apple's foldable phone launched: Everything you need to know about the Dh8,499 iPhone Duo
Apple launched the iPhone Duo, its first foldable smartphone, priced at $1,999. The device features a 19cm internal screen and a 13.7cm external screen. Apple also introduced the iPhone 18 Pro and Pro Max, starting at $1,199 and $1,299 respectively. The company's stock closed at $315.34 on Wednesday. Analysts expect strong demand for foldable smartphones, with global shipments projected to exceed 100 million by 2026.
How this was made

The 30-second read
Why it matters
The iPhone Duo launch adds a premium foldable offering to Apple's lineup, influencing both consumer perception and competitor strategies.
Market read
Apple's entry into the foldable market could reshape competitive dynamics and affect supplier stocks, while the immediate stock reaction was modestly negative.
What to watch
Potential supply chain constraints and consumer hesitation toward first-gen foldables could delay revenue impact.
Background
Apple's product launch event introduced multiple new devices, including the iPhone Duo, iPhone 18 Pro series, and Apple Watch Series 12.
Ticker impact
Apple unveiled its first foldable iPhone Duo, priced at $1,999, with shipments slated for October; the stock fell 0.28% on the news.
Short-term downside pressure as investors digest the high price; medium-term upside if foldable adoption gains traction.
Immediate price dip reflects market caution; however, Apple's brand and ecosystem could drive longer-term growth if demand materializes.
Market effects
Foldable smartphone segment may see increased competition, benefiting component suppliers but pressuring rivals.
Strong interest in Gulf markets, as indicated by UAE pricing in dirhams.
Apple's entry could shift global foldable market share dynamics, challenging Samsung's lead.
Counterpoint
High price and limited early supply may suppress demand, making the launch a short-term drag on Apple.
Key entities
- CompanyApple
Manufacturer of the newly announced iPhone Duo foldable smartphone.
- ExecutiveJohn Ternus
Apple's chief executive who presented the iPhone Duo.




