• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Initial feedback for the iPhone 16 is not great, but not terrible either: KeyBanc

by October 8, 2024
written by October 8, 2024

Investing.com — According to a recent note from KeyBanc Capital Markets, the initial feedback for Apple (NASDAQ:AAPL)’s iPhone 16 suggests that demand is “not great, but not terrible either.”

While there were concerns that pre-orders were down double digits year-over-year, KeyBanc said in a note Tuesday that demand has not been as bad as some had feared.

“Attribution to why demand has not been great has been due to the lack of compelling functionality in Apple Intelligence and the lack of language support in key regions, such as China,” explained KeyBanc.

Despite the lukewarm demand, KeyBanc reports that supply chain partners have yet to see any reductions in build plans, which currently stand at 89 million units, marking a 2% increase year-over-year in the second half of 2024.

This is said to indicate that while enthusiasm may be muted, Apple has not adjusted its production expectations.

The note also highlights mixed results from KeyBanc’s September carrier survey, with feedback on the iPhone 16 launch being “slightly disappointing.”

However, Apple Store spending data shows a 15% year-over-year increase during the first ten days of the launch and a 7% year-over-year rise during the launch weekend, suggesting some positive traction despite initial concerns.

Additionally, shortening lead times for the iPhone 16 appears to be the result of better manufacturing yields rather than weak demand, according to KeyBanc.

While the overall outlook for the iPhone 16 isn’t overwhelmingly positive, the supply chain feedback indicates that the situation isn’t dire either. As KeyBanc puts it, “Initial feedback for the iPhone 16 is not great, but not terrible either.”

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Hedge funds no longer dip buyers ahead of macro catalysts: Barclays
next post
Honeywell to spin off advanced materials unit in CEO’s growth push

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks

      June 26, 2025
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

      June 26, 2025
    • Bumble shares jump 26% as dating company plans to axe 30% of workforce

      June 26, 2025
    • Small-business AI use is lagging, but one firm is channeling Sherlock Holmes and knocking out ‘grunt work’

      June 25, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (534)
    • Stock (6,426)

    Latest News

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

    Popular News

    • Brazil’s Lula cancels trip to COP16 after head injury
    • Nidec shares jump as it proposes unsolicited $1.6 billion Makino takeover bid

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy