Apple Launches Foldable iPhone Duo at $1,999 as Global Lines Form and Shares Rise

Apple shares gained 1.23% to $348.22 following the global retail debut of its first foldable smartphone, the iPhone Duo. Priced at $1,999 to $2,000, the device triggered overnight queues at flagship stores in major cities including New York, London, Berlin, Shanghai, and Tokyo. High demand combined with complex manufacturing for the screen and hinge pushed online delivery dates into late January. The launch marks Apple's entry into a foldable market representing roughly 2% of global smartphone sales, with Apple's stock up more than 25% year-to-date.