Apple iPhone Duo sells out quickly, shortages drive up prices in India

Apple’s foldable iPhone Duo, priced at ₹2,99,900, sold out of limited in‑store inventory and was fully pre‑booked in Mumbai and New Delhi within its first week. Retailers in India are charging an additional ₹70,000‑₹1 lakh, while scalpers in Beijing are offering to pay extra for the device. Analysts estimate the Duo could capture about 24% of the foldable market segment.

Why it matters: Supply constraints and premium pricing signal strong demand and potential profitability for hardware and supply‑chain professionals.

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