iPhone Duo resale prices soar on eBay amid strong demand: Can Apple overtake Nvidia as world’s most valuable company?

Synopsis

Apple’s iPhone Duo preorders have sold out quickly, with some eBay listings priced far above retail. As buyers face delivery delays, Apple is closing in on Nvidia in market value, raising questions about whether the iPhone maker could claim the top spot.

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Some buyers are willing to pay thousands of dollars above retail for Apple’s first foldable iPhone, even as the device faces tough reviews. One 2TB iPhone Duo, priced at $3,199 in stores, was listed for $15,000 on eBay. The resale listings and rapid sellout of preorders have put Apple’s latest launch in focus as the company closes in on Nvidia’s market value.

Apple’s market capitalization stood at $5.08 trillion, compared with Nvidia’s $5.12 trillion. Over the past month, Apple shares rose 2.5%, while Nvidia’s stock fell 7.3%.

Buyers May Have to Wait Until January for the iPhone Duo

Preorders for Apple’s first foldable smartphone sold out almost immediately last week, pushing delivery estimates well into late January, as per a report. Apple has also said walk-in supplies at its stores will be limited and are expected to sell out quickly.

The base model starts at $1,999, but some eBay sellers are asking more than $4,000. The $15,000 listing for the 2TB version highlights just how far some resale prices have climbed above the retail cost.

The strong preorder response has come despite tough reviews, according to Yahoo Finance. Still, limited availability and resale prices don't indicate how the phone will perform over the longer term.

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Apple Has Millions of Potential iPhone Upgraders to Reach

The iPhone Duo enters a business that remains central to Apple’s finances. The company generated $209.58 billion in iPhone revenue in 2025, out of total revenue of $416.16 billion. Its Services business contributed $109.15 billion.

Dan Ives, a partner at Yorkville Ives, said that, "With roughly 375 million iPhones that have not upgraded in over 4 years, we believe the pool of buyers waiting for a reason to upgrade is deep enough to keep Duo demand high well into 2027," as quoted by Yahoo Finance.

Apple also has other products expected to arrive. Its September event introduced the iPhone 18 Pro and Pro Max, while the standard iPhone 18 and iPhone Air 2 are widely expected early next year.

Apple iPhone Duo

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Apple Narrows the Gap With Nvidia as AI Spending Faces Scrutiny

The narrowing gap between the two companies comes as investors assess technology firms’ spending on artificial intelligence. Nvidia shares have declined over the past month amid concerns about AI investment.

Meta has also reported negative free cash flow for the first time since 2012 amid aggressive AI spending. The company said it would issue a new tranche of stock to fund its AI build-out.

Apple’s market value remains slightly below Nvidia’s, but the iPhone Duo has given investors another product launch to monitor. Whether its early popularity translates into sustained demand through 2027 is yet to be seen.

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