Apple has released its first foldable smartphone, the iPhone Duo, which is priced at approximately $2,000. The launch is seen as a strategic move to increase average selling prices and disrupt a market currently led by Samsung and Huawei.
Demand for the device has led to sold-out preorders with delivery dates extending into late January. This release serves as an early challenge for new CEO John Ternus, who unveiled the phone shortly after taking office.