Apple shares slip as shorter iPhone 16 shipping times signal soft demand [Yahoo! Finance Canada]
Raymond James Financial, Inc. (RJF)
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Source: Yahoo! Finance Canada
(Reuters) - Shares of Apple fell nearly 3% on Monday after several analysts said that delivery times for the new iPhone 16 Pro models indicated weaker-than-expected demand, possibly due to the delayed rollout of key artificial intelligence features. Apple last week unveiled its long-awaited iPhone 16 series designed around its AI software, Apple Intelligence. Early pre-order data from BofA Global Research revealed shorter global shipping times for the iPhone 16 Pro models compared to last year's 15 Pro models, as of Monday, three days after the company started taking pre-orders . Ship time on average for the iPhone 16 Pro currently stood at 14 days, lower than 24 days for the iPhone 15 Pro last year, the data showed, while the 19-day ship time for the iPhone 16 Pro Max compares with 32 days last year. "The key factor is the lower-than-expected demand for the iPhone 16 Pro series...the major selling point, Apple Intelligence, is not available at launch alongside the iPhone 16
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RJF
News
- Advisor to Client [Advisor.ca (Canada)]Advisor.ca
- Those who invested in Raymond James Financial (NYSE:RJF) five years ago are up 131% [Yahoo! Finance]Yahoo! Finance
- Guardian Pharmacy Services Announces Launch of Initial Public Offering [Yahoo! Finance]Yahoo! Finance
- Raymond James adds AI-driven financial planning tool [Wealth Professional (Canada)]Wealth Professional
- Here's Why Raymond James Financial, Inc. (RJF) is a Strong Value Stock [Yahoo! Finance]Yahoo! Finance
RJF
Earnings
- 7/24/24 - Beat
RJF
Sec Filings
- 9/20/24 - Form 3
- 9/6/24 - Form 4
- 9/4/24 - Form 8-K
- RJF's page on the SEC website