Business

Scalpers offer Apple iPhone Duo buyers hundreds extra outside Beijing launch

CNBC October 23, 2026 16 views

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Scalpers were spotted lining up outside Apple’s flagship store in Beijing as the company rolled out its new foldable iPhone Duo, ready to pay a premium for the already pricey devices.

The iPhone Duo, Apple's first foldable smartphone, was unveiled in a global launch that included a high‑profile event in Beijing. The move was aimed at showcasing the new form factor to a worldwide audience.

Observers noted that the presence of scalpers at the launch site underscored the strong demand for the device and the willingness of some buyers to pay extra to secure a unit.

With the iPhone Duo priced at a premium compared to previous models, the willingness of scalpers to pay even more highlights the potential for a robust secondary market for Apple’s high‑end products.

The situation illustrates the challenges Apple faces in managing resale prices for its flagship releases, especially when demand outstrips supply at launch.

<small>Source: CNBC — read the original story there.</small>

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