Apple's (AAPL, Financial) stock experienced a 2.3% decline, influenced by reports from a well-known Apple analyst citing industry surveys. These reports indicate a reduction in iPhone 16 orders by about 10 million units from the fourth quarter through the first half of 2025.
According to Ming-Chi Kuo, an analyst from TF International Securities, the cutback is primarily related to non-Pro models. Although some market players remain optimistic about a significant increase in iPhone shipments due to Apple Intelligence, the recent order reductions suggest that these expectations may not be realized in the near term.
