Apple’s Latest Blow: iPhone 16 Pre-Orders Plummet 12% – Is the Tech Giant Losing Its Grip
- 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%...
- On the 16th (local time), among the big tech stocks on the New York Stock Exchange, Apple recorded the largest decline, falling 2.73%.
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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.