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Apple unsure when more foldable iPhones will be available after selling out
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In Short: Apple's foldable iPhone Duo sold out quickly, raising questions about its impact on the company's valuation.
Apple's foldable iPhone Duo, priced at $1,999, sold out almost immediately after its release, according to the BBC. The device's scarcity has raised questions about its impact on Apple's financial performance and valuation.
Shares of Apple (NASDAQ:AAPL) touched a record intraday high of $351.73, briefly surpassing NVIDIA (NASDAQ:NVDA) in market cap, reported 24/7 Wall St. However, Apple's stock ended the day slightly below NVIDIA's, with Apple valued at approximately $5.074 trillion and NVIDIA at $5.094 trillion.
The shortage of the iPhone Duo has limited what Apple can book in the December quarter, pushing some revenue into 2027, according to 24/7 Wall St. This has raised concerns about supply constraints and the company's ability to meet demand.
Apple's new foldable iPhone has sparked significant interest among developers, as noted by Axios. The enthusiasm for the Duo among independent developers suggests a potential shift in the smartphone market.
The iPhone Duo's launch has also drawn comparisons to Samsung's foldable phones. Analysts have speculated that Samsung's Z8 foldables are seeing a boost from the iPhone announcement, as reported by Ars Technica.
Apple's new iPhone Duo has received mixed reviews from tech publications. Some reviewers found the device's folding screen underutilized, while others praised its innovative features such as the Duo Preview, which allows subjects to see themselves on the outer display while photographs are captured.
During the quarter ending September 26, Apple saw iPhone sales rise 17% to $57 billion, according to the BBC. However, the iPhone Duo's impact on these figures remains uncertain, as it was released towards the end of October.
Apple's new foldable iPhone has also spurred competition among other smartphone manufacturers. Chinese phone makers are attempting to capture attention with their own foldable devices, as reported by Android Authority.
John Ternus, Apple's new head, acknowledged the supply constraints during an interview with Reuters. He stated, “We’re working hard to get it to as many customers as quickly as possible, but at this point, we’re not able to predict when supply and demand will be in balance.”
What this adds
The rapid sell-out of the iPhone Duo has raised questions about its long-term impact on Apple's valuation and financial performance.
What's confirmed
- After years of rumors, mounting reports suggest this could finally be the year Apple launches its first foldable iPhone, which might be called the iPhone Ultra.
- John Ternus says Apple is seeing ‘unprecedented’ memory pricing.
What's still developing
- The opposite one-month moves suggest some money is rotating from AI chips toward Apple, although one month is a short window.
- That gap raises a sharp question about… Apple reports fiscal fourth-quarter results on Nov. 2 carrying a $5 trillion valuation, a memory cost squeeze Tim Cook called a once-in-a-century event, and a pattern of falling on earnings beats.
- Apple’s July guidance for the September quarter called for 9%-11% revenue growth and a 47%-48% gross margin.
- Apple blocked walk-in purchases there on launch day and limited online orders to two per buyer.
- If Apple shows easing Duo supply and steady margins on November 2, I would change my view.
- Apple sells devices plus the services built on them.
- Three forces will… Apple and NVIDIA now sit within striking distance of each other at the top of the market cap rankings, but the reason one trades near its all-time high while the other lags tells a… Apple just crossed a threshold no American company has ever reached, and Wall Street is split on whether the stock can keep climbing from here or whether the milestone itself signals a ceiling.
- What remains uncertain is whether a foldable cycle held back by limited supply justifies the same valuation as the AI chip leader, ahead of Apple’s report on November 2.
- I've spent the past week trying to figure out whether Apple's $2,000 iPhone Duo is the future of smartphones or just an expensive way to do things I could already do on my regular iPhone.
- Fans have been expecting a foldable iPhone for some time, with several leaks surfacing over the past year.
- It’s finally happening — this week, we are (probably) about to see Apple’s first foldable iPhone, more than five years after Samsung launched its first foldable phone.
- Learn More Finally, after years of rumours, the Apple HomeView has launched.