Apple's $2,000 Foldable iPhone Duo Hits Stores Amid Supply Crunch

Apple's first foldable smartphone, the iPhone Duo, is now available. Customers queued overnight at Apple stores worldwide to purchase the new device. According to Apple, the iPhone Duo features a flexible display and advanced camera technology.

Apple launched its first foldable iPhone, the iPhone Duo, globally on Oct. 23. The device features dual displays and starts at $1,999. Customers lined up at the Detroit Apple Store, with some waiting overnight. The phone is Apple's largest display yet, powered by the A20 Pro chip. Pre-orders began on Oct. 16, and demand was high worldwide.

Apple's stock reached a record high following the launch of its foldable iPhone Duo. The company reported strong preorders and limited supply. Apple fans lined up at stores worldwide to purchase the device.

Apple's (AAPL) iPhone Duo, its first foldable smartphone, launched today with limited supplies. Preorders sold out quickly, and scalpers are reselling units at high markups. The Duo, priced at $1,999, could boost Apple's average selling price. The iPhone accounted for $209.58 billion of Apple's $416.16 billion in 2025 revenue. Apple also plans to unveil standard iPhone models early next year.

Apple (AAPL) surpassed Nvidia (NVDA) as the world's most valuable company, with a market cap of $5.11T. AAPL stock hit a record high of $351.73. The iPhone Duo, priced from $1,999, saw strong pre-orders, with delivery estimates extending into late January. Apple's marketing chief dismissed production concerns, while Morgan Stanley expects 6.5M units produced in 2H 2024.

Apple's iPhone Duo, priced at $1,999, launches on October 23, seven years after Samsung's Galaxy Fold. Apple focused on durability, software, and reducing the crease. Samsung's foldables have evolved significantly since 2019. The foldable market is small but growing, with Apple aiming for a 25% share in 2026, according to Counterpoint Research.