{"id":655131,"date":"2026-10-23T20:44:08","date_gmt":"2026-10-23T20:44:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/655131\/"},"modified":"2026-10-23T20:44:08","modified_gmt":"2026-10-23T20:44:08","slug":"apples-foldable-iphone-hits-stores-with-us2000-price-tag-and-scarce-supply","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/655131\/","title":{"rendered":"Apple&#8217;s foldable iPhone hits stores with US$2,000 price tag and scarce supply"},"content":{"rendered":"<p>At Apple&#8217;s Fifth Avenue store in New York, marketing head Greg Joswiak opened the doors to a crowd of customers, social media posts showed. Some posts said people had camped outside the store since as early as 4am local time (4pm, Singapore time).<\/p>\n<p>Mohit Chandel, a 32-year-old San Francisco resident and consultant, had promised his father in Singapore an iPhone Duo for his retirement but forgot to pre-order one.<\/p>\n<p>So when he spotted a dozen people lining up outside an Apple store around 11pm Thursday, he joined them, ordered a bench and pillow from Walgreens and settled in for the night.<\/p>\n<p>&#8220;He doesn&#8217;t know that. All the pre-orders are gone. He&#8217;s expecting a Duo sometime in the mail so now I have to buy it,&#8221; Chandel said.<\/p>\n<p>In China, a soft consumer market and rising memory costs have led to six straight quarters of declining smartphone shipments, although Apple&#8217;s market share has rebounded as some buyers trade up to premium devices.<\/p>\n<p>Liu Wei, a 26-year-old healthcare professional, already has a foldable phone from Xiaomi 1810.HK, but still queued outside a Shanghai store from 6 a.m. for Apple&#8217;s first foldable.<\/p>\n<p>&#8220;I&#8217;ve used Apple products for many years and I have more trust (in the brand), so I bought one on launch day to try it out,&#8221; he said.<\/p>\n<p>Many queued to pick up pre-orders, while others hoped for limited stock or to browse display models.<\/p>\n<p>Others were resellers.<\/p>\n<p>In Hong Kong, May, 38, who declined to give his full name, bought a 256GB iPhone Duo, priced at HK$17,499 (US$2,231.73), in an online pre-sale and planned to resell it for a profit of around HK$4,000. &#8220;A few meals&#8217; worth of money,&#8221; he joked.<\/p>\n<p>Paul Francis, 53, was one of several dozen fans who queued overnight outside London&#8217;s Regent Street store in pouring rain.<\/p>\n<p>&#8220;Some people think it was mad. Including myself,&#8221; the charity manager said.<\/p>\n","protected":false},"excerpt":{"rendered":"At Apple&#8217;s Fifth Avenue store in New York, marketing head Greg Joswiak opened the doors to a crowd&hellip;\n","protected":false},"author":2,"featured_media":655132,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[670,85,3279,46,321,125],"class_list":["post-655131","post","type-post","status-publish","format-standard","has-post-thumbnail","category-mobile","tag-apple","tag-il","tag-iphone","tag-israel","tag-mobile","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/655131","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=655131"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/655131\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/655132"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=655131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=655131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=655131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}