The Briefing:
- Apple's iPhone Duo — its first foldable smartphone — went on sale in China today at 15,999 yuan (~$2,230) for the base 256GB model, rising to 26,499 yuan for the 2TB configuration.
- Pre-orders opened October 16 and sold out rapidly, with online shipping estimates now showing late January 2027 delivery dates; Apple barred walk-in purchases entirely in mainland China on launch day.
- Huawei commanded roughly 60 percent of China's foldable market in Q1 2026, while Xiaomi's 18 Fold undercuts the Duo by 5,000 yuan — making China the iPhone Duo's most consequential and most difficult battlefield.