iPhone 16 Pre-Orders Start Today: What You Need to Know

Pre-orders of Apple’s latest iPhone, the iPhone 16, start Friday following the tech giant’s launch event earlier this week. Analysts are awaiting early pre-order and sales data to gauge consumer interest in the latest models, and the impact sales could have on Apple’s shares.

Analysts Focus on Sales Data as ‘Next Catalyst’ for Apple Stock

J.P. Morgan analysts said following Monday’s event that “we expect the next catalyst to be the early order momentum as well as the supply chain feedback following the early orders.” Several analysts said “attractive” trade-in offers from the country’s largest cell carriers could help make the new phones more affordable for consumers.

Analysts said their expectations of a “robust, but staggered” sales volume for the 16 launch were intact despite a slow rollout of the artificial intelligence (AI) features that dominated Monday’s presentation that could delay some sales. The phone will launch Sept. 20 with none of the AI features, as Apple said Monday that they will roll out in software updates starting next month.

Morgan Stanley analysts said following the launch event that their focus was shifting to collecting early pre-order data starting Friday and getting insights into iPhone 16 production numbers later this month.

Social media users posted images from their pre-order process with Apple’s listed delivery dates ranging from the Sept. 20 launch into October, which could indicate a combination of high demand or potential supply chain issues.

Trade-In Deals Could Drive Early Sales

Analysts have cited “attractive” trade-in deals from cellular carriers as a factor that could drive early sales for the iPhone 16. These trade-in offers make the new phones more affordable for consumers, allowing them to upgrade to the latest model without breaking the bank.

By offering trade-in deals, cellular carriers are incentivizing customers to upgrade their devices and stay within their network. This strategy not only boosts sales for Apple but also helps carriers retain customers and increase customer loyalty.

Trade-in deals have become increasingly popular in recent years, as consumers are constantly looking for ways to save money on expensive smartphones. By trading in their old devices, customers can offset the cost of the new iPhone 16, making it more accessible to a wider range of consumers.

Delayed AI Features Could Impact Consumer Enthusiasm

While the iPhone 16 boasts impressive AI features, consumers will have to wait until at least next month to access them. Apple announced that the AI features will be rolled out in software updates starting next month, meaning that early adopters of the iPhone 16 will have to wait to experience the full potential of their new device.

This delay could potentially cool some consumers’ enthusiasm for the iPhone 16. Many consumers are drawn to the latest technology and innovative features, and the delayed availability of the AI features may deter some from purchasing the new iPhone right away.

However, Apple’s strong brand reputation and loyal customer base are likely to mitigate any negative impact from the delayed AI features. Apple has a track record of delivering high-quality products, and many consumers trust the brand to deliver a superior user experience, even without the AI features.

Conclusion

The pre-orders for Apple’s iPhone 16 have begun, and analysts are eagerly awaiting early sales data to gauge consumer interest in the latest models. Trade-in deals from cellular carriers are expected to drive early sales, making the new iPhones more affordable for consumers. However, the delayed availability of the AI features could dampen some consumers’ enthusiasm. Despite this, Apple’s strong brand reputation and loyal customer base are likely to ensure a successful launch for the iPhone 16.

Disclaimer: The information provided here is for informational purposes only and should not be considered as investment advice. Investing in stocks carries a certain level of risk, and individuals should do their own research and consult with a financial advisor before making any investment decisions.