Apple has a new phone out called iPhone 16. Some people were worried that the fancy, expensive version of the phone, the Pro model, might not be selling as well as expected. But, the person who looks at Apple's money (an analyst) said that so far, it seems like people want the Pro model just as much as they wanted the fancy version of the last phone, the iPhone 15. The person also said that the phone is available in China sooner than it was last year, which is good news for Apple. Read from source...

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Sourced from Nexis Uni News.

Title: JPMorgan Retains Overweight on Apple Amid Slower iPhone 16 Pro Demand
Article Text:

Zinger Key Points: JP Morgan reiterates Overweight rating on Apple with a $265 price target despite softer iPhone 16 Pro model demand.iPhone 16 series available on Sept 20, with Pro Max models facing longer lead times than base and Plus models across key markets.

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