Apple faces lower than expected demand for iPhone 16 series: Ming-Chi Kuo

Apple’s new iPhone 16 series appears to be facing weaker demand than anticipated, according to analyst Ming-Chi Kuo. In a report published on Medium, Kuo noted that first-weekend pre-order sales for the iPhone 16 series were down by 12.7 per cent compared to the iPhone 15 series. The decline is particularly pronounced for the iPhone 16 Pro models.