Apple Cuts iPhone 16 Orders by 10 Million Units Amid Weak Demand

The anticipated Apple Intelligence feature has yet to drive significant upgrades, impacting sales forecasts.

Apple has reduced iPhone 16 production estimates by 10 million units for the period from late 2024 to mid-2025.
The cuts primarily affect the non-Pro models, as demand for the Pro versions remains relatively stronger.
Apple's stock fell by approximately 2% following reports of the production cuts and lower-than-expected demand.
The upcoming Apple Intelligence features, set to release in a software update, have not yet spurred immediate consumer interest.
Analysts suggest that further hardware innovations may be needed to boost iPhone sales alongside AI developments.