00:00It's Benzinga bringing Wall Street to Main Street.
00:02Apple's first foldable phone, the iPhone Duo, launched Worldwide Friday with a price tag of
00:08about $2,000 in strong demand, according to Reuters. Sales restrictions limited the long
00:14lines traditionally associated with iPhone releases. Delivery dates slipped to late January
00:19within minutes of pre-orders opening last week as demand outpaced supply. Apple's market share
00:25in China has rebounded as buyers shift to premium devices, despite six consecutive quarters of
00:32declining smartphone shipments amid weak consumer demand and rising memory costs. Early reviews
00:38praised the Duo's design and nearly invisible hinge, but raised concerns about camera limitations,
00:44app compatibility, and everyday usability. IDC expects Apple to capture 44% of foldable smartphone market
00:51value in 2026 and lead the market in both value and shipments by 2027. The launch marks an early
00:59test for new CEO John Ternus, who took charge in September. For all things money, visit Benzinga.com.
