Apple cannot say when iPhone Duo supply will catch up with demand

Apple CEO John Ternus has said the company has no timeline for when supply constraints on its new foldable smartphone, the iPhone Duo, will ease. In an interview with the news agency Reuters, he said Apple is working to get the device to as many customers as quickly as possible, but cannot currently predict when supply and demand will be in balance.

Sold-out preorders

Apple launched its first foldable phone last month at a price of $1,999. The device has a 5.4-inch outer display and a 7.6-inch inner screen. Preorders sold out quickly, and some shipments are not expected until 2027. A limited number of units was also available in Apple stores at launch.

Ternus also addressed reports of cracked screens. He said "a very small percentage" of iPhone Duos were returned over the problem, and that Apple is replacing them.

Memory costs and results

The company has dealt with supply chain constraints and rising memory costs for months. This led to price increases across its product range, including higher starting prices for the iPhone 18 Pro and Pro Max. During Apple's fiscal fourth-quarter 2026 earnings call, Ternus said memory pricing is currently "unprecedented."

He added that Apple expects even higher memory costs in the December quarter, though these are partly offset by the recent price increases.

Despite the absence of a standard iPhone 18 model, Apple reported record iPhone revenue of $57.58 billion for the fourth quarter.