Shiba Inu Leader's 'Whale' Location Sparks Rumors of Major Investor or New SHIB Expansion 
BlackRock Says Bitcoin Becoming Popular Hedge as US Debt Crisis Looms, Institutional Interest Climbs 
GTA 6, Red Dead Redemption PC Folders Leaked in Rockstar Games' Recent GTA V Update 
Score Big with Popeyes’ $5 Signature Chicken Deal Just in Time for Fall 
Tesla and SpaceX Staff Defy Musk, Channel Donations to Harris Over Trump 
Shiba Inu Community on High Alert: Dangerous Clipper Malware Targets Crypto Wallets 
BlackRock and Microsoft Launch $30B AI Fund with Nvidia's Expertise 
Kamala Harris Presidency May Drive US Crypto Firms Overseas, Warns Nansen CEO at Token2049 
Donald Trump Buys Burgers with Bitcoin at NYC Bar During Historic Campaign Stop 
Crypto Enthusiasts Reject Trump’s Token Plan, Call WLFI Project a 'Huge Mistake' 
Domino’s Introduces New Mac & Cheese Varieties Just in Time for Fall Comfort 
Have you heard of the open source internet? The antidote to a capitalist web already exists 
Kadena Surges 30% on Binance’s Launch of New Perpetual Contract, Market Confidence Rises 
Discover How Dunkin’s Dunkalatte Stands Out from Traditional Lattes This Fall 
Nintendo Switch 2 to Launch with Dual-Screen, AI, and $400 Price — Leaked Details 
For Oleg Bakhmatyuk, joining forces with Ukraine is the way for the EU to succeed 
Apple shares declined by 3% on Monday after analysts reported lower-than-expected demand for the new iPhone 16 Pro models. The shorter global shipping times compared to last year's models suggest weaker pre-orders and potential consumer hesitation.
Apple Shares Drop on Weak iPhone Demand
On Monday, Apple stock dropped about 3% as some analysts speculated that the delayed release of important AI features may have contributed to slower-than-expected demand for the new iPhone 16 Pro models.
Apple finally announced the iPhone 16 series last week, and it was built around Apple Intelligence, the company's artificial intelligence software.
Pre-Order Data Shows Decline in Ship Times
According to early pre-order data from BofA Global Research, the global shipping times for the iPhone 16 Pro models are shorter than last year's 15 Pro models. This information was shared by Reuters on Monday, three days after Apple began accepting pre-orders.
Based on the data, the average ship time for the iPhone 16 Pro is presently 14 days, which is lower than last year's 15 Pro's 24 days. On the other hand, the iPhone 16 Pro Max's 19 days ship time is compared to 32 days last year.
"The key factor is the lower-than-expected demand for the iPhone 16 Pro series ... the major selling point, Apple Intelligence, is not available at launch," Ming-Chi Kuo, an analyst at TF International Securities based in Taiwan, wrote in a blog post.
Apple Intelligence could delay the 16 series upgrade for some consumers as it won't be available in beta for the US English edition until next month and for other versions until next year.
First Weekend Sales Fall for Pro and Pro Max
According to Kuo, the first-weekend pre-order sales of the iPhone 16 Pro model fell 27%, and the Pro Max variant fell 16%.
"The U.S. is much weaker than last year, unless Apple massively increased supply allocation," analysts from Jefferies explained.
Indeed, according to Yahoo Finance, some experts have speculated that reduced shipping times might have resulted from an increase in the availability of the Pro models this time around, following last year's iPhone 15 Pro Max, when supplies of the camera lens caused delays in shipments.
"We are not concerned if pre-orders don't show meaningful growth," commented Gil Luria, an analyst at D.A. Davidson.
"The (AI) features will be rolling out gradually ... which means the upgrade cycle will likely materialize over the next 12-18 months."
