On the day Apple globally launched the iPhone Duo, its first foldable phone, scalpers outside the Sanlitun store in Beijing offered to pay customers an extra 3,000 Chinese yuan ($448) to buy their newly purchased phones. One scalper said tight supply could let the Duo sell at a higher price for half a month. According to Counterpoint Research, China is the single largest foldable market globally, and about 100 people were in line at the Sanlitun store early on launch day. Apple said walk-in purchases would not be available on launch day in mainland China, online orders were limited to two phones each, and one buyer's online delivery timeline stretched to January 2027. Apple said a version of Apple Intelligence will begin beta testing this month in mainland China, while Chinese official media cited former CEO Tim Cook as saying the revamped Siri AI would not yet be available in the country.
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AppleChinaartificial intelligence
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Related tickers and likely impact
AAPL
▲ Likely positiveApple Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Technology Hardware, Storage & Peripherals |
| Market cap | $5.0T |
| Close on 10/23/2026 | 347.73 |
| Change that session | -0.14% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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