Apple iPhone Duo Sells Out At One Thousand Nine Hundred Ninety Dollars

John Ternus has no idea when Apple will make more foldable iPhones after the nineteen hundred ninety dollar phone instantly sold out. The new chief executive said he was thrilled with the early reaction to the iPhone Duo. Here is the catch. Some buyers already reported screens cracking along the inside fold. Apple promised to replace those damaged devices. And here is the twist. The company does not know when supply and demand will balance out. Chief operating officer Sabhi Kahn blamed ongoing chip shortages for the bottleneck. Meanwhile, overall annual sales hit four hundred seventy nine billion dollars. That is a fifteen percent jump for the year. Yet memory costs keep climbing due to booming artificial intelligence data centers. Apple called that price surge a thousand year flood. It pushed the tech giant to raise hardware prices by roughly twenty percent across the board.