Apple Shares Slide In Monday Premarket: What's Souring Sentiment?

Quick Summary:

Preorders for Apple’s latest iPhone iterations began last Friday and an early tally by some analysts does not paint a positive picture.

TFI Securities analyst Ming-Chi Kuo said in a social media post late Sunday that iPhone 16 preorders were 37 million units, down 12.7% from the iPhone 15 first-week preorders.

Shares of Apple, Inc.(NASDAQ:AAPL) moved sharply lower in premarket trading on Monday, with a slew of factors weighing down on them.

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Article Details

Author / Journalist: Shanthi Rexaline

Category: Technology

Markets: United StatesChina

Topics: Benzinga AAPL Tech analyst Ming-Chi Kuo warns that global demand for Android smartphones Expert Ideas Stories That Matter Markets Trading Ideas Tech News Movers Why it's moving Equities Artificial intelligence US0378331005

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-16 @ 11:17:34 (1 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 288 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 22529769

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About Benzinga

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Official Website: benzinga.com

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News Last Updated: 9 hours ago

Coverage Areas: United States

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Publisher ID: #53

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