iPhone 16 a flop? One data from an analyst wipes off $94 billion from Apple's market cap
As soon as word of the demand diminishing hit the markets, stock prices of the company dropped by nearly 2.8%, as per The Telegraph's report. Moreover, the pre-order count for iPhone 16 is also way less than its predecessor, almost 12.7% lower, which is one of the other reasons for the stock prices dipping in this scenario.
Also Read: Silver lining for the ex-president: economy and immigration; that's where Donald Trump scores against Kamala Harris
Will AI tech be available in iPhone 16?
As of now, artificial intelligence-enabled updates will not be rolled out for iPhone 16, and they will be available at a later stage, which is one big reason why users are losing interest in the phone, as there were earlier reports of the phone to be launched with the AI upgrades.
AI-based apps were touted to be the game changer for Apple as the state-of-the-art features promised to topple over its competitors like Samsung, Huawei and others.
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