"Exceptional demand": Apple's foldable iPhone sold out within hours

Apple announced that the foldable iPhone Duo sold out within hours of pre-orders beginning, citing "exceptional demand." Shipping dates have been pushed back to the end of January. The company did not disclose order quantities. The starting price is $1,999.

Apple's foldable iPhone Duo sold out within hours of pre-orders beginning on Friday, according to a company statement. Apple reported "exceptional demand" that delayed shipping dates to the end of January, instead of the original October 23 date. The company did not reveal the number of orders but said it would continue accepting online orders. The device starts at $1,999 and with upgrades reaches $3,200 – a record price for an iPhone. The device was unveiled last month by new CEO John Ternus and represents a significant design shift. At the same September event, the iPhone 18 Pro and Pro Max models were also introduced, which are enjoying high demand, especially in China and India according to Counterpoint Research.