New model sold out. The giant has a problem

Apple's iPhone Duo has seen strong initial demand, leading to immediate sellouts, but the company faces supply challenges and technical issues. COO Sabih Khan stated that predicting when supply will meet demand is difficult. Some users reported screen cracks, but Apple plans to replace affected devices. Despite these issues, Apple reported record iPhone sales, with a 17% revenue increase to $57 billion in the last quarter. However, supply constraints, particularly for advanced processors from TSMC, may persist into next year. Rising memory costs, driven by AI data centers, have led to a 20% price increase across Apple products. Competitors like Samsung and Xiaomi pose challenges in the foldable smartphone market, but interest in the iPhone Duo remains high.