News about foldable phones

Apple's iPhone Duo, its first foldable and most expensive iPhone, opened for preorders on Friday, with launch-day pickup stock sold out and some online delivery estimates slipping into late January. It starts at $1,999 and tops $3,000 at the 2TB tier, creating a new price point above the Pro and Pro Max. IDC expects foldables to make up just over 2% of smartphone units but nearly 7% of industry revenue this year, and analysts say Apple is betting on its highest-spending customers. Supply is expected to be tight, with Counterpoint forecasting roughly 6 million or fewer units near term against an installed base of about 1.4 billion iPhones. IDC forecasts Apple will ship about 7 million Duos this year and grow that by 70% next year, with many buyers expected to be existing iPhone owners trading up.