Apple iPhone 16 Pre-Orders Show Possible Low Demand, One Sign Could Point To Company Break With This Employee Rule
Portfolio Pulse from Chris Katje
Apple's iPhone 16 pre-orders suggest potentially low demand, with analyst Ming-Chi Kuo noting early sales of 37 million units and employee discounts available sooner than usual. This could indicate weaker demand, especially for the Pro models, amid competition and unmet AI feature expectations.
September 18, 2024 | 11:21 pm
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Apple's iPhone 16 pre-orders are lower than expected, with 37 million units sold and early employee discounts suggesting weak demand. This could impact stock prices and lead to revised price targets.
The news highlights potential weak demand for the iPhone 16, with pre-orders at 37 million units and early employee discounts. This suggests lower consumer interest, which could negatively impact Apple's stock price and lead analysts to revise price targets downward.
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RELEVANCE 100