Analyst Ming-Chi Kuo, known for his accurate predictions about the Apple world, has released surprising news regarding the iPhone 16 salesAccording to its estimates, based on supply chain information, sales in the first pre-sale weekend would have been around 37 million units, marking a 12.7% decline from the iPhone 15 in the same period.
This lower-than-expected result appears to be mainly linked to lower demand for the iPhone 16 Pro models. Kuo speculates that the Apple Intelligence launch delay and the growing competition in the Chinese marketwhere Apple and Samsung have not arrived, are influencing overall sales.
The news has shaken financial markets, with Apple shares falling. Investors, who had hoped for positive results for the iPhone 16, are now worried about the impact these sales could have on the holiday shopping season, traditionally crucial for the company.
Other analysts, including Barclays’ Tim Long, have also expressed concern about the situation. Long, citing pre-orders in China and the delay of Apple Intelligence in the country, suggested it might be time to “jump ship.”
This news raises questions about Apple’s future. The disappointing performance of the iPhone 16 could indicate the company’s loss of momentum in the smartphone market, especially in the face of growing competition from China. It remains to be seen whether Apple can reverse this trend and regain investor confidence.
In conclusion, the initial sales of the iPhone 16 were lower than expected, creating concern among investors and analysts. Lower demand for the Pro models and Chinese competition seem to be the main factors behind this decline. What do you think? Are you interested in the new iPhone or do you think it is not worth it without Apple Intelligence? Let us know in the comments below.
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