Apple iPhone 16 Sales Slow
This is a U.S news story, published by Quartz, that relates primarily to Analyst Ming-Chi Kuo news.
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•Apple iPhone 16 demand is so weak that employees can already buy it on discount
85% Informative
In the first weekend since its debut, Apple sold about 37 million iPhone 16 smartphones — down nearly 13% from iPhone 15 first-weekend sales a year ago .
Analyst Ming-Chi Kuo attributed the slower sales to lower-than-expected demand for the iPhone 16 Pro lineup, largely because of the staggered release of Apple Intelligence .
An analysis of pre-order pre-orders by Jefferies found that demand is slowly beginning to improve in the U.S ..
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