Insightful Word
  • Investing
  • Stock
  • Economy
  • Politics
  • Investing
  • Stock
  • Economy
  • Politics
No Result
View All Result
Insightful Word
No Result
View All Result
Home Stock

Barclays sees muted demand for iPhone 16

admin by admin
September 23, 2024
in Stock
0
Barclays sees muted demand for iPhone 16
0
SHARES
7
VIEWS
Share on FacebookShare on Twitter

Barclays analysts said in a note Monday that they see muted demand for Apple’s (NASDAQ:AAPL) iPhone 16 based on shorter lead times and channel checks during the first week of pre-orders.

According to Barclays, the early signs are “not encouraging,” as both the Pro and base models have seen a weaker response compared to last year’s iPhone 15 launch.

The note highlights significantly shorter wait times across key geographies, particularly for the iPhone 16 Pro models.

In the U.S., the iPhone 16 Pro Max’s lead time during the first week was just 26 days, compared to 41 days for the iPhone 15 Pro Max. Barclays adds that similarly, the iPhone 16 Pro had an 18-day wait, down from 25 days last year.

In China, where demand is considered a crucial indicator for Apple, the iPhone 16 Pro Max wait time is said to have dropped to 18 days, from 36 days for the iPhone 15 Pro Max.

Barclays believes the shorter lead times and lower demand signal “weaker than expected demand, especially across the US and China,” where consumer spending has softened.

Additionally, global pre-order units are estimated to be down by mid-teens percentage year-over-year, according to the firm’s supply chain contacts.

The roll-out of Apple Intelligence, a key feature for the iPhone 16, is delayed until 2025 for markets like China and parts of Europe. Barclays believes the delay could dampen enthusiasm for the new model.

The bank also pointed out that the earlier iPhone launch gives Apple two extra days of sales for the September quarter, but this is unlikely to offset the weaker demand trends.

With these headwinds, Barclays maintains its Underweight rating and $186 price target on Apple, suggesting that iPhone 16 demand may continue to lag unless sell-through improves in the coming months.

This post appeared first on investing.com

Previous Post

Fed’s 50 bps rate cut was “right decision” – Kashkari

Next Post

Retailer MINISO to buy nearly 30% stake in China’s Yonghui for $893 million

admin

admin

Next Post
Retailer MINISO to buy nearly 30% stake in China’s Yonghui for $893 million

Retailer MINISO to buy nearly 30% stake in China’s Yonghui for $893 million

Trending News

Cramer reveals a sub-sector of technology that can withstand Trump tariffs

Cramer reveals a sub-sector of technology that can withstand Trump tariffs

March 1, 2025
Disney cut at Raymond James as several headwinds to keep stock range-bound

Disney cut at Raymond James as several headwinds to keep stock range-bound

October 1, 2024
Tariffs kick in

Tariffs kick in

March 6, 2025
Subscribe to Insightful Word


    Recent News

    China’s May export growth seen slowing to 5.0% amid trade uncertainty: Reuters poll

    China’s May export growth seen slowing to 5.0% amid trade uncertainty: Reuters poll

    June 6, 2025
    FTSE 100 Index shares of 2025: Rolls-Royce, Fresnillo, BAE, and more

    FTSE 100 Index shares of 2025: Rolls-Royce, Fresnillo, BAE, and more

    June 6, 2025
    Asian stocks end mixed: Hang Seng snaps winning streak, Nikkei jumps 0.5%

    Asian stocks end mixed: Hang Seng snaps winning streak, Nikkei jumps 0.5%

    June 6, 2025
    Starlink reportedly secures key licence in India, moves closer to launching services

    Starlink reportedly secures key licence in India, moves closer to launching services

    June 6, 2025

    Recent News

    China’s May export growth seen slowing to 5.0% amid trade uncertainty: Reuters poll

    China’s May export growth seen slowing to 5.0% amid trade uncertainty: Reuters poll

    June 6, 2025
    FTSE 100 Index shares of 2025: Rolls-Royce, Fresnillo, BAE, and more

    FTSE 100 Index shares of 2025: Rolls-Royce, Fresnillo, BAE, and more

    June 6, 2025

    Latest News

    • China’s May export growth seen slowing to 5.0% amid trade uncertainty: Reuters poll
    • FTSE 100 Index shares of 2025: Rolls-Royce, Fresnillo, BAE, and more
    • Asian stocks end mixed: Hang Seng snaps winning streak, Nikkei jumps 0.5%

    About Insightful Word

    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools
    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools

    Copyright © 2025 Insightfulword.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Politics

    Copyright © 2025 Insightfulword.com. All Rights Reserved.