Apple's new foldable iPhone Duo, priced at $1,999, quickly sold out following its recent launch, prompting the company to address supply issues. The new CEO, John Ternus, expressed excitement over the demand, while COO Sabhi Kahn noted uncertainty about when more units would be available due to ongoing supply constraints, particularly in advanced microprocessors.
Despite these challenges, Apple reported a 17% increase in iPhone sales to $57 billion in the last quarter, alongside a 27% rise in Mac sales. The company continues to face rising costs linked to memory storage and data center demands driven by AI technologies.