Despite initial concerns about demand for the iPhone 16, T-Mobile US Inc. CEO Mike Sievert has reported promising sales figures for the new model, indicating a strong start.
In an interview with CNBC’s Jim Cramer, Sievert revealed that the iPhone 16 is outperforming its predecessor in sales. He highlighted that the first week of sales was better than last year and customers are opting for higher-end models like the Pro and Max versions, contributing significantly to Apple’s revenue.
This positive news comes amidst concerns about the iPhone 16’s market performance. Some analysts, including Ming-Chi Kuo, had reported lower-than-expected pre-order numbers for the Pro and Pro Max models, suggesting weaker demand.
While the iPhone 16 hit stores on Friday, its highly anticipated AI features won’t be available until next month. This delay had raised concerns about potential lower demand. However, Sievert believes that the delay might extend the buying cycle, as customers wait to experience the full range of features. He expects the delayed AI features to lead to longer-term engagement with the new iPhone.
Despite the initial skepticism, T-Mobile’s CEO remains optimistic about the iPhone 16’s performance, emphasizing the strong demand and continued interest from consumers. This positive sales report could help alleviate concerns surrounding Apple’s stock performance.
