APPLE stock analysis (APPL)
Based on Counterpoint Research data shared with Bloomberg, sales of iPhone 16 were up 20% in the first 3 weeks compared to last year’s model. This contradicts recent report and suggests a stronger demand than originally expected.
JPM analysis of the latest iPhone availability suggests its initial demand weakness. The quarterly results may boost the stock.
British multinational universal bank Barclay reported weak demand for Apples new AI-ready iPhone 16.