Apple hasn’t revealed the number of iPhone Duo units that were available at launch.
As reported by AppleInsider, the available supply may be lower than expected due to manufacturing issues.
UBS has kept its ‘Neutral’ rating for AAPL stock, noting that market trends suggest limited growth in sales estimates.
On Friday, shares of Apple Inc. (AAPL) saw a slight increase as the shipping estimates for its first foldable smartphone, the iPhone Duo, were quickly pushed into December and later dates shortly after preorders commenced.
Bloomberg mentioned that these extended delivery times indicate strong consumer demand and a significant limitation in supply for the $1,999 device, which is set for release on October 23.
At the time of writing, AAPL stock was up about half a percent and was trending among the top stocks on Stocktwits.
iPhone Duo Preorders Face Extended Delivery Waits
Apple began taking preorders for the iPhone Duo at 8 a.m. ET on Friday via its online store and Apple Store app ahead of the launch next week. Reports indicate that delays affected all colors and storage configurations.
On X, some customers noted that delivery delays occurred even after utilizing Apple’s advance reservation system, which was intended to allow buyers to choose their configurations before preorders started. It seems that Apple retail locations ran out of units for launch day almost immediately.
According to AppleInsider, initial shipping estimates dropped to November 16 and then to November 23 within moments of preorders opening, and they have continued to extend further since then.
The report also pointed out that Apple did not disclose how many units were available at launch, suggesting that the supply might be limited due to issues with manufacturing the new foldable design, as well as uncertainty regarding the demand for this brand new product.
Counterpoint Research is projecting that Apple will sell around six million iPhone Duo units this year, based on a forecast that came out last month.
UBS Flags Demand Concerns For iPhone Pro Models
Despite the excitement surrounding the foldable device, UBS raised some concerns on Friday about demand for Apple’s conventional premium smartphones.
According to TheFly, UBS observed that data on iPhone availability showed that year-over-year wait times for the iPhone 18 Pro had decreased by about four days, while wait times for the Pro Max remained unchanged.
In the past week, wait times reportedly shortened by a day for the Pro and by five days for the Pro Max. UBS mentioned that these trends point to limited upward potential for sales estimates and a possible sensitivity to demand after Apple’s recent price hikes.
