Resale prices of 2TB iPhone Duo hit $33,000 amid scarce supply

Apple's first foldable iPhone Duo is flying off the shelves since it launched last Friday; traders are reporting booming resale prices, with sealed 2TB models fetching HK$33,000 at Sin Tat Plaza.



The price climb came as 1TB and 2TB models ran short, with most buyers having opted for smaller capacities.



According to Sing Tao Daily, the sister publication of The Standard, over 200 people holding the new phones queued outside the mall before it opened at 9.45am, with police and staff managing the crowd as it spilled onto Tung Choi Street.



Among them was first-time seller Ho, who sold a Night Sky 512GB model for HK$24,000 and described his mood as "pretty good."



Also joining the queue was Zhang, who made a special trip to Hong Kong to sell a Star White 512GB model at the mall, earning around HK$4,000.



He said the price was slightly below his target but described the crowd surrounding the building as "very shocking."



Tang, a PhD student at Polytechnic University, revealed he had queued for more than half an hour and made HK$3,700 profit on reselling a Star White 512GB unit.



Satisfied with the price, he said he would still hold off buying one for himself, citing creases and overheating as his main concerns.