Analysts have the power to influence stock prices in the short term. On Monday, a TF International Securities analyst wrote on Medium that the estimated sales of iPhone 16 are 37 million units.
The analyst based the forecast on lower-than-expected demand for the device. AAPL stock lost 2.78% on the day. Unfortunately, no one knows how many iPhone orders Apple received. It does not share that information, either. Additionally, the company may announce new MacBook Pros, iMac, and Mac mini. Customers may delay ordering the smartphone. Instead, they may buy an Apple computer together with the device.
Skeptical consumers may weigh on Apple iPhone sales on launch day. The company announced new photography features, such as the shutter button. It previewed what Apple Intelligence, an AI, might do. However, these are two of many features that are not available on day one.
Potential customers may want to wait for Apple to either install those features or work out any possible bugs.
On Monday, Apple’s halo hurt the share prices of Nvidia (NVDA), Broadcom (AVGO), and Micron Technologies (MU).
Your Takeaway
iPhone sales are losing momentum every year. Consumers are unwilling to spend freely amid permanent inflation. With lower disposable income, they will take their time upgrading their devices and Apple hardware.
