Title: Apple Inc's iPhone 16 Demand in China Raises Concerns, Pro Models See Improvement Globally
Investing.com-- In a recent report, Jefferies expressed caution regarding the demand for Apple Inc's new iPhone 16 in China. The availability of the new models on third-party platforms within the country has raised some concerns about end-user demand.
While the iPhone 16 and 16 Pro models appeared to be "sold out" on Apple's China website, third-party platforms like Tmall and PDD still had stocks readily available. This discrepancy could indicate weak demand for the new models.
Jefferies also noted that delivery times for the Pro models on Apple's China website had not increased since pre-orders began. In contrast, delivery times on Tmall had actually decreased, and PDD still had both Pro models available for delivery before September 30.
A second check on pre-order delivery times for the iPhone 16 across major markets revealed lackluster demand in the first two days of availability. However, Jefferies observed that demand for the Pro models outside China was improving, with shorter wait times in markets like the UK, Germany, and the US.
The incorporation of generative artificial intelligence into the iPhone 16 line marks Apple's first foray into AI technology. The company is hoping that these new features will drive a resurgence in iPhone sales, particularly in China where competition has been fierce.
In summary, while demand for the iPhone 16 in China may be cause for concern, the improving demand for Pro models globally and the introduction of AI features signal potential growth opportunities for Apple in the coming months. Investors should keep a close eye on these trends to make informed decisions about their portfolios.