Kuo is bullish on Apple's yet-to-be-released AI features but said it would likely take new hardware iterations to grow iPhone sales.

Apple (AAPL) shares pull back as investors worry about iPhone 16 demand following analyst Ming-Chi Kuo sounding the alarm that orders were cut. Yahoo Finance’s Tech Editor Dan Howley sits down with Market Domination Hosts Julie Hyman and Josh Lipton to break down what investors need to know as the iPhone maker gears up to release Apple Intelligence.

Apple stock fell Wednesday after a noted analyst reported that the consumer electronics giant has cut orders for its iPhone 16 smartphones.In a blog post, TF International Securities analyst Ming-Chi Kuo said Apple cut its iPhone 16 orders by about 10 million units for the fourth quarter and first half of 2025.

Shares of Apple (AAPL) closed down 2.16% on Wednesday after a report that the iPhone maker cut orders for its latest version by millions of units.

Apple (NASDAQ:AAPL) shares dropped 1.8% after TF International Securities' analyst Ming-Chi Kuo said iPhone 16 orders have been cut by around 10M units for the next few quarters. "iPhone 16 orders were cut by around 10M units for 4Q24–1H25,

Apple shares slid on Wednesday after industry supply chain analyst Ming-Chi Kuo said the company has cut orders for the iPhone 16 by about 10 million units.