Apple’s stock is getting weighed down by this downbeat sign for iPhone 16 sales
The Ratings Game
A prominent Apple analyst says iPhone 16 Pro preorders were lower in the first weekend relative to last year’s iPhone 15 Pro performance
Published:
Signs of underwhelming initial iPhone sales are set to weigh on Apple Inc. shares Monday.
The stock is down 2.5% in premarket action after Ming-Chi Kuo, a prominent Apple analyst, said that sales of the iPhone 16 family were down an estimated 12.7% for the first weekend compared with what was seen for the iPhone 15 series a year earlier.