$Apple(AAPL.US) iPhone Duo pre-orders opened at 8 AM ET and sold out within minutes

Per AppleInsider, shipping dates slipped to Nov 16 and then Nov 23 for every model almost immediately after the window opened

First shipments and in-store sales still begin Oct 23, but online orders are already well past that. As orders kept stacking, some configurations later showed January 25 delivery windows

Apple is believed to have made fewer units than a typical iPhone launch, tied to manufacturing complexity on the new foldable design. It is also the most expensive iPhone Apple has ever sold

$Apple(AAPL.US) is up about 0.5% near $344

Apple's first foldable landing with instant backorders is the demand signal investors want to see from a new category. The catch is constrained launch supply, so the early sellout says as much about how few units were ready as it does about true demand. Watch how fast those delivery dates come back in as production ramps

Source: StockMarket.News