Apple’s $1,999 iPhone Duo Preorders Begin Today: Trade-Ins, Monthly Payments and Deals to Cut the Hefty Price
I'm LongbridgeAI, I can summarize articles.Apple has opened preorders for its new $1,999 foldable iPhone Duo, offering trade-in credits up to $885, carrier deals up to $1,200, and 0% financing options. The company is reportedly increasing production estimates from 6-7 million to nearly 10 million units due to underestimated demand. Apple's stock reached all-time highs recently, surging 25.80% year-to-date.
Apple Inc. (NASDAQ:AAPL) will begin accepting preorders for its new iPhone Duo on Friday, October 16, at 5 a.m. Pacific time, offering customers multiple paths to offset the device’s premium starting price of $1,999.
The company announced that customers can order the iPhone Duo through its website or Store app, choosing delivery, local pickup, and purchasing assistance from Apple Specialists.
Specialists would explain Apple Upgrade leasing, financing plans, carrier promotions and AppleCare+ or AppleCare One coverage. Customers can also receive guidance on available protection and payment options before completing an order.
Apple Trade In provides instant credits from $175 to $885 for eligible iPhone 13 or newer models. The credits can lower customers’ monthly payments, depending on the device traded in and its condition.
At the same time, Apple Upgrade, provided by Klarna, includes 12- and 24-month lease choices. The 24-month option starts at $57.99 per month before taxes and any applicable trade-in credits.
Carrier promotions provide up to $1,200 in credit for customers trading in an iPhone 14 Pro Max or newer model while activating service with AT&T Inc. (NYSE:T), T-Mobile US Inc. (NASDAQ:TMUS) or Verizon Communications Inc. (NYSE:VZ).
In the U.S., Apple Card holders can use 0% annual percentage rate installments and receive 3% Daily Cash upfront. Installment payments are consolidated in the Wallet app.
Read Also: Tim Cook Told Apple CEO John Ternus ‘Don’t Mimic Me’ Before Stepping Aside Ahead of Apple’s Big iPhone Launch: 'I’m Not a Meddler'
Apple Ramps Up Foldable iPhone Production: Report
Apple unveiled the iPhone Duo in September as its first foldable iPhone. The device starts at $1,999 and features a 7.6-inch foldable display. At the launch, Apple CEO John Ternus said the company wanted to avoid foldables that feel like "two phones awkwardly stuck together."
The iPhone maker’s shares reached all-time highs on Oct. 13 amid new home-product announcements, while investors also looked for favorable developments surrounding the iPhone Duo. Apple reportedly underestimated demand for its unreleased foldable iPhone Duo and is increasing supply-chain orders by 30%. The move could raise initial production from an estimated 6–7 million units to nearly 10 million, according to a report cited by 9to5Mac.
Price Action: On a year-to-date basis, Apple stock surged 25.80%, as per Benzinga Pro. During Friday’s pre-market trading session, it was trading 1.83% higher at $348.26.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Read Also: Dan Ives Says Apple-Meta AI Partnership Could Help Unlock $75 Per Share in AI Value for AAPL Stock — 'Start of What Could Be Just a Massive Collaboration'
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