Apple unsure when more foldable iPhones will be available after selling out

Apple's new CEO John Ternus expressed delight at the initial reception of the company's foldable iPhone, known as the iPhone Duo, which sold out just over a week after its release. However, the highly-priced device has seen some buyers report cracked screens. Operating chief Sabhi Kahn acknowledged that it's currently difficult to predict when more of the foldable iPhones will be available, as supply and demand dynamics are unclear.

Despite the issue, Apple reported record global iPhone sales, with a 17% increase to $57 billion over the last year. Mac computer sales also grew by 27% to $10.7 billion. Kahn cited supply constraints, primarily due to difficulty in procuring advanced microprocessors, as a factor impacting sales of other Apple devices. These constraints are expected to persist into the next year, especially affecting iPads and Macs.

The situation has been exacerbated by unexpected demand for Apple products and soaring costs for memory storage, driven by surging AI chatbot and platform usage.