Apple iPhone 16 Selling At A 'Greater Rate Than Last Year,' Says T-Mobile CEO Amid Reports Of Lower Demand: 'People Are Buying Pros, They're Buying Maxs…They're Buying Up The Food Chain'
Portfolio Pulse from Rounak Jain
T-Mobile CEO Mike Sievert reports strong initial sales for Apple's iPhone 16, with higher-end models like the Pro and Max selling well, despite earlier concerns about demand. This contradicts analyst Ming-Chi Kuo's report of lower pre-orders.

September 19, 2024 | 7:23 am
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POSITIVE IMPACT
T-Mobile CEO reports strong sales for Apple's iPhone 16, especially higher-end models, contradicting earlier concerns about demand. This could positively impact Apple's revenue and stock price.
The T-Mobile CEO's report of strong sales for the iPhone 16, particularly higher-end models, suggests a positive impact on Apple's revenue. This contradicts earlier concerns about demand, potentially boosting investor confidence and Apple's stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
T-Mobile CEO Mike Sievert's comments on strong iPhone 16 sales highlight T-Mobile's role in the successful launch, potentially boosting T-Mobile's market position.
The strong sales of the iPhone 16, as reported by T-Mobile's CEO, underscore T-Mobile's effective distribution and sales strategy, potentially enhancing its market position and investor sentiment.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60