Apple's Stock Dives as iPhone 16 Pro Demand Falls Short
Apple's Stock Performance
Apple's stock is among the weakest performers in the S&P 500 early this week. A notable signal comes from analyst Ming-Chi Kuo, who reports a significant drop in demand for the new iPhone 16 Pro.
Analyzing Preorder Signals
Kuo highlights that the delivery times for the iPhone 16 Pro series are considerably shorter compared to the previous generation, raising concerns among investors about future sales.
- Apple's stock has fallen by 3.3% in Monday trading.
- This represents the largest decline in the Dow Jones Industrial Average.
- Analysts predict a negative impact on Apple's future market performance.
For further insights into this downward trend in Apple's stock performance and ongoing developments in the tech market, visiting the source is advisable.
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