Apple’s iPhone Duo Sold Out In Minutes. The Last Time Apple Reinvented The Phone, One Apple Supplier’s Stock Soared About 1,200% In A Decade

7,732.90+0.89%Dow Jones52,119.60+0.23%Nasdaq 10029,801.80+2.01%Russell 20002,743.54+0.69% S&P 5007,732.90+0.89%Dow Jones52,119.60+0.23%Nasdaq 10029,801.80+2.01%Russell 20002,743.54+0.69% S&P 5007,732.90+0.89%Dow Jones52,119.60+0.23%Nasdaq 10029,801.80+2.01%Russell 20002,743.54+0.69% S&P 5007,732.90+0.89%Dow Jones52,119.60+0.23%Nasdaq 10029,801.80+2.01%Russell 20002,743.54+0.69% S&P 5007,732.90+0.89%Dow Jones52,119.60+0.23%Nasdaq 10029,801.80+2.01%Russell 20002,743.54+0.69% S&P 5007,732.90+0.89%Dow Jones52,119.60+0.23%Nasdaq 10029,801.80+2.01%Russell 20002,743.54+0.69% Investing Apple’s iPhone Duo Sold Out In Minutes. The Last Time Apple Reinvented The Phone, One Apple Supplier’s Stock Soared About 1,200% In A Decade Apple's first foldable iPhone sold out in minutes and sent investors scrambling to find the supplier that could pull off what one obscure chipmaker did after the original iPhone launched in 2007.

Although Wall Street spent much of October worrying about a tech slump, Apple (NASDAQ:AAPL | AAPL Price Prediction) stock pushed to new highs as its first foldable phone arrived. Apple opened worldwide preorders for the iPhone Duo on Oct. 16, and an Invezz report carried on TradingView said it “sold out in minutes”. Shares traded at $342.79 as of Oct. 19 at 11:17 AM ET. But the sellout had a catch: Korea JoongAng Daily reported that buyers who ordered more than an hour after preorders opened face a delay of nearly three months. The phone goes on sale Oct. 23, preorder pages in most countries show delivery on Jan. 22, 2027, and Apple has not said whether stock will be available for people who missed preorders.

Korea JoongAng Daily puts the U.S. starting price at $1,999. Apple lists a 7.6-inch inner display and a 5.4-inch outer screen, along with an A20 Pro chip, a titanium hinge cover and a vapor chamber.

Startup Fortune says the hinge alone holds more than 100 parts. One unnamed supply-chain source told Jiemian News, via Startup Fortune, that Foxconn’s final-assembly yield was just above 60% heading into late September. That would send roughly four in ten units to rework or scrap, against the 90%-plus yield Apple typically expects. Analyst Jeff Pu cut his 2026 shipment estimate from 7 million to 6 million, pointing to hinge constraints.

Counterpoint Research expects up to 6 million Duo units this year (Seoul Economic Daily). That would give the Duo about 25% of the global foldable market, compared with 38% for Samsung Electronics. Investing.com reported that Citi projects 7.5 million foldable iPhones in the second half of 2026 and 4 million in the first quarter of 2027. All of these are estimates, and reported forecasts run from about 6 million to about 10 million units.

When people say Apple “reinvented the phone,” they usually mean the original iPhone launch in 2007. Teardown researchers identified Skyworks Solutions (NASDAQ:SWKS) as that phone’s power-amplifier supplier (Washington Times, July 2007). The stock gained 3.5% on the first trading day after the launch and closed at $7.61.

Measured on adjusted prices from June 29, 2007, to June 30, 2017, Skyworks rose from $5.76 to $78.11. That works out to 1,256.4%, or 29.8% a year. Apple rose 814.6% over the same window, or 24.8% a year. A figure of about 1,200% comes from Digrin’s as-traded prices, which show a move from $7.35 to $95.95, a gain of about 1,205%. All of these numbers cover price only, so they are smaller than total returns would be. FactSet data that CNBC cited on the iPhone’s 10th anniversary showed a similar pattern.

The gains came in big moves. Chartrow’s calendar-year total returns show Skyworks fell 34.8% in 2008, then jumped 156.1% in 2009. It dropped 43.3% in 2011 and then rose 156.4% in 2014.

Researchers identified Intel, Marvell and Texas Instruments as suppliers, and Corning made the glass. Of the five 2007 suppliers with price data, only Skyworks beat Apple, so supplier status alone did not guarantee outsized gains. A 2007 Electronic Design teardown also named Samsung, Infineon, Wolfson and CSR. We have covered how exposed Apple suppliers can be when a launch disappoints, and the Skyworks case is the kind of quiet runner most investors passed past at the time (we turned that pattern into a free guide here: The Winners You Already Missed).

Every name below comes from reports, and Apple has confirmed none of them. Korea JoongAng Daily reports that Samsung Display is the only supplier of the foldable panel, and Samsung Electronics owns 84.78% of it. Apple executives told a YouTuber that Apple designed the display in-house and that the supplier makes it to Apple’s specifications (Mac Observer).

Analysts quoted by Yicai, as reported by MacDailyNews, listed several more suppliers. Lens Technology makes ultra-thin glass and BIEL Crystal makes cover plates. Amphenol (NYSE:APH) and Shin Zu Shing lead hinge assembly. Eontec supplies Liquidmetal spindles, Jiangsu Gian Technology makes molded parts, Lingyi iTech provides support plates and vapor chambers, and Foxconn handles assembly. The same analysts said Chinese firms mostly play a secondary role in the core parts.

Seoul Economic Daily reports Citi’s estimate that LG Innotek will supply 55% to 60% of camera volumes across the whole new range. It names Fine M-Tec, Nitto Denko, TDK and others for foldable-related parts, without confirming they supply the Duo directly. For the range as a whole, Investing.com reports that Citi expects Luxshare’s share of iPhone assembly to rise from 27% to 33% and Hon Hai’s to fall from 67% to 61%. TSMC (NYSE:TSM) is reportedly the only maker of the A20 chip.

As of Oct. 19, no reports show any Duo supplier’s stock surging. Forecasts call for millions of units this year, far short of hundreds of millions. How much of each supplier’s revenue comes from Apple remains unclear. Valuation matters as well: Apple trades at about 45 times earnings, even after iPhone revenue reached $54.25 billion in its June quarter.

Component stocks can fall hard, and the 2007 results are no forecast for the Duo. Apple outperformed most of its suppliers in the decade after the first iPhone. In 2007, though, almost all of the supplier return went to Skyworks, and the other suppliers listed here trailed far behind.

Contact [email protected] for any questions or corrections.

AJ spent 10 years writing about financial markets at The Motley Fool. His coverage centers on technology stocks and the broader macroeconomic trends, from interest rates to geopolitics, that shape where markets are headed next. AJ is drawn to the stories where big-picture economics and individual companies collide.

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