Apple’s first foldable iPhone sells out within minutes as preorders begin Louis Juricic Fri, October 16, 2026 at 9:17 AM EDT 1 min read AAPL -0.28% 005930.KS +2.62% Trade Apple on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Investing.com -- Apple shares rose 2% in premarket trading Friday after the company's first foldable iPhone sold out shortly after preorders opened, with delivery estimates now extending to January 25 as orders continue.
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Preorders began at 8 a.m. Eastern time on October 16, with shipping estimates initially slipping into November before extending further. Apple's latest delivery estimate of January 25 suggests supply is struggling to keep pace with early orders.
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The rapid sellout points to strong initial interest in the iPhone Duo as Apple enters the foldable smartphone market, where Samsung has established an early presence. However, Apple has not disclosed how many units were available during the initial preorder window, making it difficult to distinguish robust underlying demand from constrained launch supply.
The foldable device represents a significant expansion of Apple's flagship product lineup and a potential new driver of iPhone upgrades. Investors will be watching delivery estimates and subsequent availability for evidence that initial enthusiasm translates into sustained demand.
For now, the extension of delivery times to late January provides a more pronounced signal of launch pressure, although it does not establish how many devices Apple has sold or the extent of any supply constraints.
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