TREE NEWS update: Apple opened preorders for its first foldable phone, the iPhone Duo, at 20:00 on October 16, crashing its website and app as launch-day in-store pickup sold out within minutes and delivery slipped to late January. On Dewu, resale prices topped 20,000 yuan, with the 1TB black model near 29,000 yuan — 7,143 yuan above list — while the 256GB black version rose nearly 40%.
Apple’s First Foldable iPhone Duo Sells Out on Preorder Day
A sold-out first foldable and a crashing store say less about folding phones as a category than about Apple's ability to manufacture scarcity around a new form factor — and about how quickly Chinese resale platforms price that scarcity. The Dewu premium on specific colors and storage tiers shows speculative demand concentrating in the configurations perceived as most supply-constrained, not broad-based adoption. Whether delivery windows pull forward and resale premiums compress once volume ramps is the open question; until then, the secondary market is the more honest read on real demand than the preorder queue.
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