iPhone Duo's global shortage drives record prices across Latin America

Apple's iPhone Duo, its first foldable phone, sold out globally within minutes of pre-orders opening on October 16, causing shipping delays until January 2027. The device features the A20 Pro chip and a 48-megapixel camera. High demand and production challenges with its dual screens and titanium hinge have limited stock for the October 23 store launch. In Argentina, first units arrive by late October, with the 256GB model priced between 4.6 and 5.3 million pesos, far above the $1,999 US price. Independent resellers like Topmarket list the phone at about 4.6 million pesos. The top-tier 2TB version costs $3,199 globally, making it Apple's most expensive mobile device ever.