Apple raises iPhone Duo shipment target 44% on strong preorders

Apple has raised its iPhone Duo shipment target by 44%, from 9.7 million to 14 million units over 12 months, citing strong consumer demand for its first foldable iPhone. Whether sales momentum holds after launch remains uncertain.

• Shipment target raised from 9.7 million to 14 million units over 12 months
• The 44% increase follows strong preorders for the foldable
• iPhone Duo is Apple's first foldable smartphone
• Long-term sales momentum after launch remains uncertain