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. 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.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

France seeks three-month suspension of Shein website in court hearing
One Tech Tip: Up your Christmas shopping game with AI tools
SoftBank's Arm plans to set up chip training facility in South Korea
Exclusive-India weighs greater phone-location surveillance; Apple, Google and Samsung protest
AI industry not in a bubble, but stocks could see correction, SK chief says
The rise of�AI reasoning models comes with a big energy tradeoff
Amazon pays Italy 180 million euros to end tax, labour probe, sources say
Meta’s Zuckerberg plans deep cuts�for metaverse efforts
Tech tracking to tackle human-wildlife conflict in Zimbabwe
Like fancy Japanese toilets? You’ll love the sound of this.

Others Also Read