Apple's stock fell, as a result of the demand for the new "iPhone 16" phone came much lower than expectations, as the stock was trading at levels of $ 223 on September 13, while it reached during trading today, Tuesday, to the level of $ 215.3.
Sales of the new iPhone 16 in the first week of launch fell short of expectations and fell 12 percent compared to the first week of the iPhone 15's launch last year. The main factors of weak demand were that the new phone did not come with new or completely different features from the previous phone. Even the turning point for Apple, which is "Apple Intelligence", will not be present in the new phone while it is sold in stores on the 20th of this month, but will be launched next October.
Source (Al-Arabiya.net Website, Edited)
