Cut each apple into four wedges; cut wedges into four pieces. Place a piece of apple in the center of each wonton wrapper. Brush edges of wrapper with water and bring up around apple; pinch to seal. Cover until ready to cook.
Heat oil in a fondue pot to 375°. Use fondue forks to cook wonton bundles until golden brown (about 1 minute). Cool slightly. Serve with caramel topping.