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Moody’s spares France a downgrade as 10-year yield tops 5% Oil slips from six-month highs as Qatar mediates in Tehran China’s Fifth Plenum opens as AI exports mask weak home demand Lula wins, Brazil markets brace for shock sell-off; Tokyo Brazil ETF plunges ~15% Brazil votes today: Lula faces Flávio Bolsonaro in runoff Fed, ECB, BoJ Rate Decisions This Week: Holds Expected, December in Focus Oil is pricing in the next round of war. Brent tops $116 as Iran tensions drag Wall Street lower Global money is bidding for India's biggest growth stories while leaving India’s index Beyond banks: AI layoffs spread to tobacco, chemicals and payments

Industries

Apple’s first foldable, the iPhone Duo, goes on sale at around $2,200

Apple has entered the foldable market, which Samsung and Huawei have led for years. It is also the first big test for new CEO John Ternus.

News | 23 October 2026

Apple’s first foldable, the iPhone Duo, goes on sale at around $2,200

Apple is late to foldables, but it’s set to make the most money from them. For the price of Apple’s top foldable, you could buy a car in India!

TrendForce expects about 5 million iPhone Duos to ship this year, a 24.8% share that puts Apple level with Huawei and behind Samsung’s 7.1 million.

Volume isn’t the point, though. IDC expects Apple to take 44% of foldable market value on 31% of units this year, and to lead the category in both by 2027.

The pricing explains the gap: a 256GB Duo costs about $2,232 in Hong Kong, and a 512GB model costs about $2,734 in Sydney.

By rough chit calculations, 5 million units at around $2,200 may bring in roughly $11 billion in revenue!

Meanwhile, Android foldables are forecast to fall more than 20% as component costs bite. Huawei still rules China, with about 60% of its foldable market. Apple’s target is everywhere else.