Barely sold, the iPhone Duo propels Apple above Nvidia on the stock market
Yesterday, Apple launched the iPhone Duo. And everything suggests that the first folding iPhone will be a hit.
Yesterday, Apple launched the iPhone Duo. And everything suggests that the first folding iPhone will be a hit.
At the moment, we do not have official data on sales of the iPhone Duo. And it is probably still too early to comment, with maximum certainty, on the success of this device. But, in any case, the stock market seems very optimistic. As a reminder, the iPhone Duo was presented in September, but was only released on Friday October 23. And, barely released, the first folding iPhone immediately propelled the value of Apple shares on the stock market. And the Cupertino company even became the most valuable company in the world, surpassing the capitalization of Nvidia, before returning to second place in the ranking.
In any case, everything suggests that the iPhone Duo will be a commercial success, despite its exorbitant price (as a reminder, the cheapest version costs 2,339 euros). As soon as the pre-order was released, waiting times on the Apple site increased, which indicates that demand is very high in relation to the quantity of units available.
And rumors indicate that, to take into account demand, Apple has already revised the production volume. According to a publication on the DigiTimes site, after the success of pre-orders, Apple has decided to increase its production of iPhone Duo by 44%. Initially, the firm would have planned to produce 9.7 million units in 12 months. But now, it plans to produce 14 million.
Apple waited years before launching its first folding smartphone. But according to forecasts, it should become one of the leaders in this market, from the first year.
According to calculations by the company TrendForce, Apple could ship nearly 5 million iPhone Duos in 2026 alone. This would allow it to have a 24.8% share of the entire folding smartphone market, and position itself in second place behind Samsung. And Counterpoint is even more optimistic, since it predicts a shipping volume of 6 million units in 2026, for the iPhone Duo.
In any case, the success of the iPhone Duo would allow Apple to be even more resilient in the face of the RAM shortage, which has forced the company to increase the price of its iPhones.
Machine-translated from French
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- Journal du Geek24 Oct, 13:32
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