Apple began selling the $2,000 folding iPhone Duo, but stock sold out immediately and customers were told to wait until next year for delivery, with pre-orders capped at two handsets per customer. Many people queued overnight at Apple stores from Sydney and Shanghai to London and New York, although sales were rationed. One Sydney buyer paid A$3,899 ($2,734) for a 512GB model, while a Hong Kong buyer bought one to resell for a profit of around HK$4,000. Reviewers praised the hinge design but said the Duo lacks a telephoto lens, that third-party apps still need to be reworked for the new display, and that it is less handy for everyday tasks. The launch is also an early challenge for new CEO John Ternus, who took charge in September.
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Related tickers and likely impact
AAPL
• NeutralApple Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Technology Hardware, Storage & Peripherals |
| Market cap | $5.0T |
| Close on 10/22/2026 | 348.32 |
| Change that session | +1.26% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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