Apple launched its $2,000 iPhone Duo, its entry into the foldable smartphone market, to long lines and limited supply. Preorders sold out almost instantly, and delivery estimates now stretch into January.
Apple launched its iPhone Duo, a foldable smartphone priced at $2,000, and the debut drew long lines and limited supply. The launch marks the company's entry into the foldable market.
Preorders sell out, deliveries slip to January
Preorders for the device, priced from $1,999, sold out almost instantly. Delivery estimates now run into January.
The report says the device's advanced technology and limited production facilities have constrained supply. The launch also puts Apple up against Samsung and Huawei, which the report describes as market leaders in the foldable category.
What to watch next
The market will focus on whether Apple can scale production and manage supply chain constraints, according to the report. Attention will also turn to any Apple announcements about production increases or additional facilities.
Those developments could be consistent with Apple's stock approaching the $368 target, subject to broader market conditions and consumer responses.
Source: Crypto Briefing
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