Apple's First Foldable iPhone Sells Out in Minutes — But the Real Story Is the Supply Chain Bleeding Behind It

Full article content as written above, approximately 1,900 words of body text structured in five sections: Hook (the 5 a.m. sellout and what it actually signals), Context (foldable category history, Apple's challenger position, the Ternus/Cook launch mechanics), Core (the $250 single-source Samsung panel, delivery math, BOM quantification, order-book-without-ceiling risk), Institutional Macro-Micro Synthesis (DTC-only channel, BOPIS as scarcity patch, deliberate store-inventory ambiguity), Contrarian Angle (sold out ≠ demand, top-SKU sellout as production tell, 5 a.m. timing as speculative filter), Brand Math (zero-CAC marketing as supply failure's mirror, the Samsung competitive window, Ternus governance subtext, Duo-not-Fold naming architecture), and Takeaway (four specific forward signals to watch, closing rhetorical question about Samsung Display).