Apple down as top analyst Kuo says company cut iPhone 16 orders by 10M units

predictions on Apple, delivered a gloomy update on iPhone 16 demand, saying the tech giant has cut a total of 10 million orders for the fourth quarter of 2024 through the first half of 2025.

The cut to orders over the three quarter period through H1 2025, indicates iPhone 16 production for second half of fiscal 2024 is now estimated at 84 million units, down from 88 million previously. Apple unveiled its iPhone 16 at its 'glowtime' product event last month, and showcased the integration of its artificial intelligence assistant Apple Intelligence into its new suite of iPhones.

Apple released Wednesday a new preview of its Apple Intelligence features including the including integration of ChatGPT.

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Apple analyst Kuo says company cut iPhone 16 orders by 10 million unitsApple shares slid on Wednesday after industry supply chain analyst Ming-Chi Kuo said the company has cut orders for the iPhone 16 by about 10 million units.
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