iPhone Duo: Apple Unsure on Availability of Foldable Devices
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Apple unsure when more foldable iPhones will be available after selling out
Image source: Reuters
By Kali Hays, Technology reporter
Published 16 minutes ago
The new head of Apple, John Ternus, expressed excitement about the early response to the iPhone Duo, which sold out quickly at a price of $1,999 (£1,999 in the UK).
While the phone sold out immediately, some buyers have experienced screen cracks. Sabhi Kahn, Apple's new COO, admitted that the company doesn't know when more Duos will be available, stating, "At this time, it's really hard to predict when supply and demand will be in balance."
Apple executives didn't highlight any specific issues during a financial results call but did mention a replacement program for phones affected by a cracking issue.
Despite this, Apple reported record global iPhone sales for the past year, with a 17% increase to $57bn in the three months ending September 26, 2022 (excluding iPhone Duo sales).
Kahn attributed these constraints to difficulties in acquiring advanced microprocessor nodes, which are expected to continue into next year, impacting iPads and Macs.
Ternus also noted significant increases in memory costs, driven by the growing popularity of AI chatbots and platforms. Apple has raised prices on most hardware products by around 20% due to these factors.