Apple stock falls as iPhone 16 pre-order estimates disappoint

Apple (NASDAQ: AAPL) stock is showing immediate signs of weakness in reaction to the lackluster pre-order figures for the company’s latest smartphone model, iPhone 16.Despite the iPhone 16 series unveiling new features and enhancements, such as Apple Intelligence, pre-order analysis suggests that the iPhone 16 Pro and Pro Max have come in below expectations, Ming-Chi Kuo, an analyst at TF International Securities, indicated in a September 16 blog post.A breakdown of Kuo’s analysis shows that the iPhone 16 s ...