Apple’s first foldable ‘iPhone Duo’ sells out instantly in China presale, resale markups top 7,000 yuan
First seen · Oct 17, 4:04 AM (Seoul) · Last updated · Oct 17, 4:04 AM (Seoul)
The first batch of Apple’s first foldable phone, the iPhone Duo, sold out almost immediately after presales opened in China on the night of Oct. 16. On secondhand platforms, it is listed at more than 7,000 yuan above retail.
What happened
Apple’s first foldable phone, the iPhone Duo, sold out its first batch soon after presales opened in China at 8 p.m. on Oct. 16. Chinese prices are 15,999 yuan for 256GB, 17,999 yuan for 512GB, 21,499 yuan for 1TB and 26,499 yuan for 2TB. Thirty minutes before sales began, JD.com’s reservation page showed 3.095 million sign-ups.
Why it's trending
Apple’s official website and JD.com’s presale pages briefly went into queue mode, and reports followed that estimated delivery dates had slipped to December or later. On the resale platform Dewu, the 1TB black model traded at about 29,000 yuan, 7,143 yuan above retail.
Reactions
Chinese media said netizens flooded Tim Cook with posts asking him to increase supply. Apple customer service reportedly advised buyers not to pay markups.
What to watch
Official sales begin on Oct. 23. With reports that production of precision parts such as the hinge has been slow to ramp up and that the initial supply was small, attention is on availability.