T-Mobile Reports Strong Early Sales for Apple's iPhone 16

CEO Mike Sievert highlights higher demand for premium models despite delayed AI features.

T-Mobile CEO Mike Sievert announced that iPhone 16 sales are outpacing last year's model during the first week of preorders.
Customers are showing a preference for higher-end models like the iPhone 16 Pro and Pro Max, contributing significantly to Apple's revenue.
The iPhone 16 will officially hit stores on Friday, though its AI-enhanced features will be delayed until a software update in October.
Earlier reports suggested lower demand for the iPhone 16 Pro models, but Sievert's comments indicate strong overall performance.
Apple's stock rose over 3% following Sievert's positive remarks, recovering from a dip earlier in the week due to analyst concerns.