Apple loses over $116 billion. Reason: You can get iPhone 16 in just 14 days

Early pre-order information from BofA International Analysis confirmed shorter international delivery occasions for the iPhone 16 Professional fashions in contrast with final yr’s 15 Professional fashions. Ship time on common for the iPhone 16 Professional stood at 14 days which is decrease than 24 days for iPhone 15 Professional final yr. For iPhone Professional Max, the delivery time stood at 19 days as in comparison with 32 days final yr.

Ming-Chi Kuo, a Taiwan-based analyst at TF Worldwide Securities, mentioned in a weblog submit, “The important thing issue is the lower-than-expected demand for the iPhone 16 Professional collection … the key promoting level, Apple Intelligence, is just not accessible at launch.”

First-weekend pre-order gross sales for the iPhone 16 Professional and Professional Max fashions have been down 27% and 16%, respectively on which Jefferies analysts mentioned, “The US is way weaker than final yr, until Apple massively elevated provide allocation.”

Some consultants additionally mentioned that bettering provide of the Professional fashions might have led to shorter delivery occasions this time round as D.A. Davidson analyst Gil Luria mentioned, “We aren’t involved if pre-orders do not present significant progress. The (AI) options shall be rolling out regularly … which suggests the improve cycle will possible materialize over the following 12-18 months.”