Apple Shares Slump as Analyst Warns of Weaker iPhone 16 Demand

(Bloomberg) -- Apple Inc. shares fell Monday after a closely followed analyst warned that demand for the firm’s new iPhone 16 Pro model has been lower than expected.Most Read from BloombergHousing’s Worst Crisis in Decades Reverberates Through 2024 RaceAn Affordable Nomadic Home Design Struggles to Adapt to Urban LifeUS Driving and Congestion Rates Are Higher Than EverThe Hague Is World’s First City to Ban Oil and Air Travel AdsA City Finds Success Using 'Trees as Medicine'Pre-order sales, which