Apple shares slip as shorter iPhone 16 shipping times signal soft demand


FILE PHOTO An attendee holds two iPhones 16 as Apple holds an event at the Steve Jobs Theater on its campus in Cupertino California U.S. September 9 2024. REUTERSManuel OrbegozoFile Photo

FILE PHOTO: An attendee holds two iPhones 16 as Apple holds an event at the Steve Jobs Theater on its campus in Cupertino, California, U.S. September 9, 2024. REUTERS/Manuel Orbegozo/File Photo

(Reuters) - Shares of Apple fell nearly 3% on Monday after some analysts said delivery times for the new iPhone 16 Pro models indicated weaker-than-expected demand, possibly due to the delayed rollout of key artificial intelligence features.

Apple last week unveiled its long-awaited iPhone 16 series designed around its AI software, Apple Intelligence.

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