Apple Analyst Ming-Chi Kuo Post On X, "Apple employees are currently using employee discounts to purchase iPhone 16. In the past, employees often had to wait weeks to buy new iPhones after they were released, which could be another sign that initial demand for the iPhone 16 was lower than expected."
Portfolio Pulse from Benzinga Newsdesk
Apple analyst Ming-Chi Kuo suggests that the initial demand for the iPhone 16 may be lower than expected, as Apple employees are using discounts to purchase the new model soon after its release.
September 18, 2024 | 4:44 pm
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Ming-Chi Kuo indicates potential lower demand for iPhone 16, as Apple employees are using discounts to purchase it soon after release. This could impact Apple's stock price negatively in the short term.
The use of employee discounts to purchase the iPhone 16 soon after its release suggests that demand may not be as strong as anticipated. This could lead to concerns about Apple's sales performance, potentially affecting its stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100