KeyBanc analyst Brandon Nispel reports mixed results for iPhone 16 sales, with initial demand showing some strength but overall sales slightly below expectations. While the Pro and Max models are performing well, base models are lagging. The analyst’s analysis also includes insights into the impact on Apple’s supply chain partners.
Barclays analyst Tim Long has issued a cautious outlook for Apple’s iPhone 16, citing potential build cuts and weak initial sales figures. Long’s analysis suggests that Apple may have already reduced iPhone component orders for the December quarter, indicating softer demand than anticipated. This, coupled with shorter wait times and sluggish sell-throughs, points to a challenging start for the new iPhone cycle.
The global propanol market is projected to experience robust growth, driven by increasing applications across various sectors including personal care, renewable energy, construction, and healthcare. Key factors driving this growth include rising consumer demand for eco-friendly products, stringent hygiene regulations, and expanding industrial activity, particularly in developing regions. This report delves into the market’s competitive landscape, key segments, and regional dynamics, offering insights into the factors shaping its future trajectory.
The iPhone 16 series launched with strong initial sales, but a Morgan Stanley report suggests that demand may be lower than last year. While sales are still impressive, shorter lead times point to a potential trend of consumers holding back on upgrades in the face of economic uncertainty.
Despite shorter lead times for the iPhone 16 compared to the iPhone 15, analyst Michael Ng of Goldman Sachs maintains a ‘Buy’ rating on Apple. He attributes the shorter lead times to leaner inventory ahead of the launch and emphasizes the strong demand for the Pro and Pro Max models, suggesting a trend towards ‘premiumization’.
Despite some initial concerns about lukewarm preorders, Wedbush analyst Daniel Ives remains confident about Apple’s iPhone 16, predicting strong demand and a significant upgrade cycle. He anticipates a substantial boost in iPhone sales, driven by new AI features and a robust holiday season, ultimately leading to a $4 trillion market cap for Apple by 2025.
American Airlines, along with Delta and United, has requested a delay in expanding flights to China due to weak demand. While tourism to China has rebounded, U.S. passenger demand remains low due to geopolitical tensions, visa restrictions, and lingering COVID-19 concerns. Airlines are cautious about expanding capacity and losing money on underfilled long-haul flights.
JPMorgan analyst Samik Chatterjee observes mixed demand signals for the iPhone 16 series, noting that while overall demand seems in-line with last year’s iPhone 15, Pro models are experiencing a slightly softer start. The analyst highlights the importance of the Pro Max model’s extended lead times, indicating continued strong demand for high-end devices.
BHP Group forecasts a critical copper shortage as Big Tech companies like Microsoft, Google, and Amazon ramp up their artificial intelligence investments. The surging demand for data centers and AI could lead to a 3.4 million tonne annual shortfall by 2050, posing a risk to the transition towards a zero-emission future.
Oil prices dropped on Wednesday as OPEC+ members discussed potentially delaying a planned output increase in October. Concerns about weakening global demand and the potential resumption of Libyan oil exports fueled the decline. The news followed a broader sell-off in world markets driven by weak economic data from the U.S. and China.
