Apple's iPhone 16 Cycle Faces Headwinds: Analyst Warns Of Weaker Demand, Macro Pressures, Potential Early Production Cuts

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Also Read: Taiwan Semiconductor’s 2-Nm Breakthrough Puts Taiwan a Decade Ahead of China’s Semiconductor Industry: Report

Long’s sell-through checks point to 15% year-on-year declines for global iPhone 16 sales in the first week of sales.

Based on the analyst’s recent supply chain channel checks, he noted Apple may just have cut roughly 3 million units of a key semiconductor component in iPhones for the December quarter.

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Article Details

Author / Journalist: Anusuya Lahiri

Category: Technology

Markets: United StatesChinaTaiwan

Topics: Barclays US0378331005 Global News Benzinga Tech IPhone 16 Briefs Analyst Ratings Reiteration AAPL Trading Ideas Tim Long Price Target Expert Ideas

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-01 @ 19:02:54 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 475 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 22 words per sentence (average)

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

Copyright Owner: © Benzinga

News ID: 22841929

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