Apple's first foldable iPhone Duo sells out in India within hours

Apple’s first foldable smartphone, the iPhone Duo, sold out within hours of its October 23 launch in India, with grey market prices reportedly surging up to ₹1 lakh above official retail prices due to severe stock shortages. Strong initial demand and limited retailer allocations drove the sell-out, with Blinkit’s Delhi-NCR inventory gone in five minutes. Retailers received only five to seven handsets each, far below the 100 units needed to meet bookings, leaving many walk-in customers unable to purchase. The iPhone Duo starts at ₹2,99,900 for 256GB, with pre-orders booked before launch. Analysts caution the sell-out reflects limited supply, not sustained demand, and advise buyers to verify authenticity and delivery dates amid grey market premiums.