As per the Telegraph report, as soon as the news of the decrease in demand hit the market, the company's share prices dropped by about 2.8%. Moreover, the number of pre-orders for the iPhone 16 is also much lower than its predecessor, down by about 12.7%, which is one of the other reasons for the drop in share prices in this scenario.
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Will AI technology be available in iPhone 16?
As of now, artificial intelligence-enabled updates will not be released for the iPhone 16, and they will be available at a later stage, which is a big reason why users are losing interest in the phone, as earlier there were reports that the phone would be launched with AI upgrades.
AI-based apps were considered to be a game changer for Apple, as its cutting-edge features enabled it to outcompete competitors like Samsung, Huawei, and others.
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Could Apple's Mcap lose billions?
If reports are to be believed, if the demand for Apple 16 is not enough, Apple could lose billions of dollars from the market as it would lead to huge losses in their share prices, leading to major complications.
Frequently Asked Questions:
Is iPhone 16 coming with AI?
No, as of now the iPhone 16 will not have the latest AI features promised by Apple. Officials say it will be available on further updates.
Will the demand for Apple iPhone 16 increase?
It is expected that the demand for the iPhone 16 will increase after some time after proper reviews and usage by the early users, but the current demand quotient is quite low compared to its predecessor.
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