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Guo Mingchi: The estimated pre-order volume of the iPhone 16 series for the first weekend is about 37 million units, which is lower than expected for the iPhone 16 Pro series.
The shipment time of the iPhone 16 Pro series is significantly lower than that of the 15 Pro series. Apart from the increase in pre-order inventory, the key factor is the decrease in sales volume compared to the first weekend, which is due to lower-than-expected demand.
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Apple's market cap evaporated nearly $100 billion overnight, analysts say iPhone 16's first sales fell below expectations.