Apple announced its first foldable iPhone, the iPhone Duo, on September 10, 2026, at an event led by new CEO John Ternus. The device starts at $1,999, folds like a book, ships October 23 and drops Face ID for Touch ID; a high-end model costs $3,200. Delivery dates slipped from November to late January within an hour of pre-orders opening, and Morgan Stanley puts first-day wait times at roughly 14 weeks, the longest for any iPhone in a decade. Apple now acknowledges an inner display failure around the hinge on a small number of units and directs owners to AppleCare, while durability testing found no hinge deterioration after more than 32,000 folds.