Apple drops as analyst says iPhone 16 orders cut

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Michael M. Santiago

Apple (NASDAQ:AAPL) shares dropped 1.8% after TF International Securities’ analyst Ming-Chi Kuo said iPhone 16 orders have been cut by around 10M units for the next few quarters.

“iPhone 16 orders were cut by around 10M units for 4Q24–1H25, with most of the cuts

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