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Scalpers in Beijing offer extra cash for Apple's foldable iPhone Duo
CNBC reported that on Friday's global launch of Apple's iPhone Duo, scalpers outside the Beijing Sanlitun flagship offered buyers an extra 3,000 yuan ($448) for the phones.
Apple's first foldable phone, the iPhone Duo, went on sale globally Friday, and CNBC reported scalpers waiting outside the company's Beijing flagship in Sanlitun offering buyers an extra 3,000 yuan ($448) for newly purchased devices1.
One scalper, identified as Alex Wang, told CNBC he expected the Duo to command a higher price for about two weeks because of tight supply1.
China is the world's largest market for foldable phones, according to Counterpoint Research, as cited by CNBC1. A customer named Mary Tong, first in a line of about 100 people at the Sanlitun store after arriving at 6 a.m., said many Chinese buyers prefer foldable phones1.
Apple said the Duo would not be available for walk-in purchase on launch day in mainland China and would be limited in other countries, with online orders capped at two phones each, CNBC reported1. A would-be buyer, Zhang Zheng, said an online order showed delivery stretching to January 20271.
Huawei launched a trifold Mate XT2 priced at about $3,000 on Sept. 7, two days before Apple announced the Duo, and Xiaomi unveiled the 18 Fold around the same time, CNBC said1. Apple said a mainland China version of Apple Intelligence was set for beta testing this month after Beijing approved Alibaba AI models for use in Duo and other Apple devices on Oct. 141.
