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Apple unsure when more foldable iPhones will be available after selling out

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⚡ Instant Key Takeaways (TL;DR)
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Core Development: Apple unsure when more foldable iPhones will be available after selling out
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Market & Financial Impact: Apple’s foldable iPhone Duo was a hit with people willing to spend $2,000 on a new mobile.
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Actionable Insight: Monitor price volume action at market open; check key technical support/resistance levels.

The new head of Apple says the company is working to get its new foldable iPhones available to more people after the $1,999 smartphone quickly sold out when it was released just over a week ago.

John Ternus, who in September took over the role as Apple's chief executive from Tim Cook, said on Monday that he was "thrilled" at the early reaction to the iPhone Duo.

While the costly phone, which sells for £1,999 in the UK, immediately sold out, some buyers have seen their screens crack.

The phones are still in high demand and Sabhi Kahn, Apple's new chief operating officer, said the technology giant did not know when more Duos would be available.

"At this time, it's really hard to predict when supply and demand will be in balance," Kahn said during a call with financial analysts to discuss Apple's latest financial results.

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Official Publisher Attribution: This report is aggregated from Bloomberg. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.
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