Apple's $1,999 iPhone Duo Sells Out in Preorders as Delivery Estimates Slip to January
Updated
Updated · Yahoo Finance · Oct 19
Apple's $1,999 iPhone Duo Sells Out in Preorders as Delivery Estimates Slip to January
3 articles · Updated · Yahoo Finance · Oct 19
Summary
Launch-day pickup inventory for Apple's new iPhone Duo sold out quickly after preorders opened Friday, and some online delivery windows have already moved to late January.
Apple called demand "nothing short of extraordinary" and kept online orders open, but supply is expected to stay tight, with Counterpoint forecasting six million units or fewer in the near term.
The foldable Duo is Apple's first of its kind and priciest iPhone yet, starting at $1,999 and topping $3,000 for the 2TB model, which analysts say could lift revenue even if overall iPhone shipments stay roughly flat.
IDC expects Apple to ship about seven million Duo units this year—around 3% of total iPhone shipments—and sees volumes rising 70% next year, potentially giving Apple about 40% of the foldable market.