Early Wall Street feedback on demand for Apple's newest iPhone suggests the newest models might not be flying off the shelves.

Analyzing delivery lead times and whether models of the iPhone 16 will be available in stores on Friday as scheduled, several analysts said Monday that early indications appear disappointing for Apple's (AAPL) 澳洲幸运5官方开奖结果体彩网:latest smartphone.

Analysts from J.P. Morgan, Jefferies, Barclays, and Bank of America on Monday said that iPhone 16 pre-orders, 澳洲幸运5官方开奖结果体彩网:which started Friday, are seeing shorter estimated delivery times than last year's new iPhone 15s. That's likely due to factors including both higher U.S. supply and lower demand, the analysts said.

Sales Volume Looks Lower, But More Pro, Pro Max Sal🐬es Could⛄ Offset

The faster delivery times suggest lower sales volume, but Jefferies analysts said that sales may be shifting toward the more expensive Pro and Pro Max models, which could h❀elp offset lower overall volume.

The analysts also said their data showed wider availability of the Pro and Pro Max models in several U.S. cities when compared to last year.

“We cannot rule out that Apple did allocate more supply to the US since Apple Intelligence will be available first there, but it will unlikely be massively more since it still needs to meet usually strong initial demand in other major markets, [including] China," Jefferies analysts wrote. "Even so, it still suggests Apple has overestimated demand in the US for its AI features. That is not good news.”

Analysts were largely positive on the long-term 澳洲幸运5官方开奖结果体彩网:upgrade cycle that the iPhone 16 should kick off, especially once the 澳洲幸运5官方开奖结果体彩网:AI features that were central to the launch event are rolled out.

Apple shares were nearly 3% lower Monday afternoon. The tech giant also received FDA approval for the 澳洲幸运5官方开奖结果体彩网:sleep apnea detection feature in its newest smartwatch ope𓆏rating system on Monday.