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Apple’s Stock Price Falls Amid Sluggish iPhone ‌16 Pre-Sales

Apple’s new iPhone 16 ⁤series, released on the 13th, is seeing⁤ slower-than-expected sales, causing ‌its ⁢stock price ‌to plummet.

Hong Kong TF International Securities recently reported ​in an analyst report that pre-orders for ⁤the iPhone⁤ 16 during the first‍ weekend were approximately 37 million units, a 12% decrease compared to the iPhone ‌15 released last year.

On the⁢ 16th ⁤(local time), among the big tech stocks on the New York Stock Exchange, Apple recorded the largest decline, falling 2.73%. Investment banks⁢ such as​ Bank of‍ America (BOA) and JP Morgan also pointed⁣ out that demand for the iPhone 16 may decrease compared to last​ year.

The Dow ⁢Jones Industrial Average rose 228.3 points (0.55%) ⁤from the previous trading day to ‍41,622.08, and the S&P 500 ⁢Index also rose⁤ 7.07 points (0.13%) to 5,633.09. However, the Nasdaq fell 91.85 points (0.52%) to close at 17,592.13.

Nvidia (1.95%), Tesla (1.54%), and Amazon (0.86%) ​also declined. Microsoft (MS) and Alphabet showed strong consolidation.