Apple last week unveiled its long-awaited iPhone 16 series designed around its AI software, Apple Intelligence. Ship time on average for the iPhone 16 Pro currently stood at 14 days, lower than 24 days for the iPhone 15 Pro last year, the data showed, while the 19-day ship time for the iPhone 16 Pro Max compares with 32 days last year. “The key factor is the lower-than-expected demand for the iPhone 16 Pro series…the major selling point, Apple Intelligence, is not available at launch alongside the iPhone 16 release,” said Ming-Chi Kuo, an Apple analyst at TF International Securities, said in a blogpost.
Apple shares slip as shorter iPhone 16 shipping times signal soft demand
