BD Exports FY2026-27 YTD (July-August) $9.16B +5.4% YoY BD Exports FY2025-26 (Full Year) $48.00B -0.6% YoY RMG Export (HS 61+62) $38.70B 80.6% of exports Top Destination United States $9.05B (+4.1%) Jute (HS 53) $751M Footwear (HS 64) $1.22B Leather Goods (HS 42) $400M Pharma (HS 30) $238M BGMEA Members 4,275 Japan EPA Active Feb 2026 EU EBA Duty-Free HS Codes 7,498 BD Exports FY2026-27 YTD (July-August) $9.16B +5.4% YoY BD Exports FY2025-26 (Full Year) $48.00B -0.6% YoY RMG Export (HS 61+62) $38.70B 80.6% of exports Top Destination United States $9.05B (+4.1%) Jute (HS 53) $751M Footwear (HS 64) $1.22B Leather Goods (HS 42) $400M Pharma (HS 30) $238M BGMEA Members 4,275 Japan EPA Active Feb 2026 EU EBA Duty-Free HS Codes 7,498

Apple's First Foldable iPhone Duo Hits Stores at $2,000 With Quiet Demand

iPhone Duo sells out pre-orders in minutes but reviewers flag camera and usability trade-offs in the $2,000 device

By AI News Desk, BangladeshExport October 24, 2026 at 5:10 PM 5 min read Cupertino
Apple's first foldable smartphone, the iPhone Duo, displayed in a store
📷 Image: The Daily Star

📱 Apple's first folding phone, the iPhone Duo, hit stores around the world on Friday with a price tag of about $2,000 and less of the fanfare that accompanied previous iPhone launches. From Singapore and Shanghai to London and San Francisco, demand was strong but with sales rationed, there were fewer of the round-the-block queues and overnight camp-outs that once marked new iPhone days — a launch that is equal parts product event and strategic test.

🧱 The stakes are easy to state. Competitors such as Samsung Electronics and Huawei Technologies have sold premium foldable phones for years, and the Duo is a test of whether Apple can reinvent the small foldable mobile market the way the original iPhone did for smartphones. It is also an early challenge for Apple's new CEO John Ternus, the former hardware chief who unveiled the phone barely a week after taking charge in September.

📈 Demand has decisively outpaced supply: Apple's estimated delivery dates for the Duo slipped to late January within minutes of pre-orders opening a week ago, prompting the company to call the response nothing short of extraordinary. Apple capped pre-orders at two handsets per customer and limited sales to walk-in shoppers; in China, France, Hong Kong, India and Japan, phones were available only to those who had ordered online.

🌍 Scenes from launch day

🌉 In Sydney, where the first Apple store began selling the new passport-shaped phones, a queue formed before opening at 8am. This is a bit of a luxury item for me, because it's so expensive, but I just think, you know what? Life's too short, said Simon Krishnan, a 48-year-old engineer who paid A$3,899 ($2,734) for a 512GB Duo. CEO Ternus played greeter at a store in Austin, Texas, throwing open the doors and high-fiving customers, while marketing head Greg Joswiak opened the doors at Apple's Fifth Avenue store in New York, where some customers had camped from as early as 4am.

🎮 In San Francisco, consultant Mohit Chandel spotted a dozen people lining up outside an Apple store around 11pm Thursday, joined them, and ordered a bench and pillow from a pharmacy to settle in overnight — having promised his retiring father in Singapore a Duo. In Shanghai, healthcare professional Liu Wei queued from 6am despite already owning a Xiaomi foldable, citing years of trust in the Apple brand; in Hong Kong, a reseller named May bought a 256GB Duo at HK$17,499 ($2,231.73) in an online pre-sale and planned to resell it for a profit of around HK$4,000. In London, Paul Francis was among several dozen fans who queued overnight outside the Regent Street store in pouring rain. Some people think it was mad. Including myself, the charity manager admitted.

🇨🇳 The China backdrop is instructive: a soft consumer market and rising memory costs have produced six straight quarters of declining smartphone shipments, although Apple's market share there has rebounded as some buyers trade up to premium devices — evidence that the foldable category has become the industry's high-margin refuge while mainstream volumes stagnate.

🔎 What the reviewers say

👍 Early reviews have praised the Duo's design and its sturdy, barely visible hinge — a major feat for a form factor whose prominent creased screen has long been a drawback. Reviewers also flagged real compromises: no telephoto lens, third-party apps still to be reworked for the new display size, and a folded device that is less handy for the quick tasks most users perform daily. It's been a lot of fun trying the Duo out for a week, but it feels like I've gotten to use an extraordinarily polished prototype — not a finished product that I'd want to buy and carry, wrote longtime Apple commentator John Gruber.

🎬 Tech commentator Marques Brownlee was similarly measured: for a regular person who mostly texts and browses, it is probably a no — but if the $2,000 doesn't mean much and you like the idea, after the learning curve and getting used to not having facial identification, it is a really fun phone. In Berlin, content creator Patrick Wolter saw the other side of the ledger: the Duo works as a phone and an iPad in one, and in the long run will likely end up replacing separate tablets.

📉 Market researcher IDC expects the stakes to resolve in Apple's favour: Apple will take 44 percent of the foldable market's value in 2026 on 31 percent of units, and by 2027 it will become the market leader in both value and units shipped, the firm forecasts. Apple has made a convincing case for this form factor, said Francisco Jeronimo, vice president at IDC — now comes the next test: turning excitement into availability, adoption and a lasting new chapter for the smartphone market.

🌏 The view from Bangladesh

💰 The Duo arrives in Bangladesh's tech economy indirectly but meaningfully. Premium devices reach Dhaka's retail shelves through official importers and grey-market channels alike, and a $2,000 flagship sets the ceiling for what the country's most status-conscious consumers will pay — a niche, but one that supports an ecosystem of importers, repair specialists and accessory sellers. The more consequential question is the second-order one: foldables push display, hinge and battery engineering up the value chain, and the electronics-assembly ambitions Bangladesh nurtures — from local handset brands to hoped-for contract-manufacturing footholds — will be shaped by where the global product frontier sits.

🚀 There is also a software angle the launch glosses over: apps reworked for foldable displays create work for developers worldwide, and Bangladesh's growing app-development and outsourcing sector competes for exactly this kind of platform-driven work. Every new form factor that reaches tens of millions of users eventually demands design, testing and maintenance talent that can be delivered remotely — a reminder that global hardware launches are also job adverts for the global software workforce.

🔭 For now, the verdict matches the price: extraordinary engineering, unfinished product, and a bet that Apple's brand can do for foldables what it once did for smartphones. The January delivery queues will tell whether the patience of the first wave of buyers survives contact with daily use — and whether the foldable graduates from expensive novelty to the new default shape of the premium phone.

📡 News Courtesy

This news was originally published by The Daily Star. For the full original report, please visit: https://www.thedailystar.net/business/global-economy/news/apples-foldable-iphone-hits-stores-4306541

📬 Get Bangladesh Trade News in your inbox

Weekly digest of export industry news, policy updates, and market analysis.