Apple's First Foldable iPhone Sells Out Within Minutes as Preorders Begin

3-line summary

• Apple's first foldable iPhone (Duo) sold out shortly after preorders opened at 8am ET on October 16; estimated shipping dates, initially pushed to November, have now slipped to January 25. The article did not include pricing information.
• This marks Apple's entry into the foldable smartphone market, where Samsung had already established a presence; the article framed the device as a potential significant expansion of Apple's flagship lineup and a new driver of iPhone upgrades. Apple shares rose 2% in premarket trading the same day.
• Apple did not disclose initial reservation volumes, so the article noted it is difficult to tell whether the sellout reflects high demand or limited supply; the extended shipping delay signals early supply pressure but does not by itself indicate actual sales volume.

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