00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Apple's first foldable iPhone is seeing strong early demand in the U.S. and China following its Friday launch.
00:09The iPhone duo, priced at about $2,000, sold out of walk-in inventory within two hours at Apple's flagship
00:15New York store, CNBC reported.
00:18In China, resellers offered premiums reaching $1,500 for newly purchased devices.
00:24U.S. carriers are offering discounts of up to $200 with qualifying trade-ins and service plans.
00:31CounterPoint Research estimates the 512GB duo carries a gross margin above 55%, compared with margins in the mid-40%
00:40range for a comparable iPhone 18 Pro Max.
00:43Apple is increasing production to address shortages, while early reviews have raised concerns about overheating, limited camera zoom, and apps
00:51not yet optimized for the foldable display.
00:54For all things money, visit Benzinga.com.
