iPhone 16 series pre-orders fall short: 12.7% decline in first weekend sales, report says

The iPhone 16 series had a rocky start with first-weekend pre-order sales estimated at 37 million units, Ming-Chi Kuo, said in his latest analysis report. This marks a 12.7 percent decline compared to the iPhone 15 series’ launch last year. The primary reason for this dip seems to be lower-than-expected demand for the iPhone 16 Pro and 16 Pro Max, the noted Apple analyst reported.