Apple’s iPhone 16 is facing a challenging start, with pre-order numbers anticipated to be lower than expected.

Morgan Stanley analyst Erik Woodring rates Apple stock at Overweight with a $273 price target. He’s upbeat on fiscal 2026 and the iPhone 17.

Clearly, investors are betting that Apple's new AI iPhone will reinvigorate sales and lead to earnings growth. If you believe in this thesis, now could be a time to buy the stock. Because if sales keep stagnating, the stock will not do well starting at a P/E of 34. Perhaps this is why Warren Buffett is unloading his Apple position right now.

Apple’s annual product launch Monday failed to immediately capture the hearts of investors, as shares of the world’s biggest company slumped during the event largely focusing on previously rolled-out artificial intelligence features coming to iPhones.

Analysts are largely bullish Apple could benefit from an AI-driven upgrade cycle after the iPhone 16 was unveiled Monday, but some warned a slow rollout of AI features could hold back sales in the near term.

T-Mobile Chief Executive Mike Sievert says it’s “nonsense” that the iPhone 16 line’s preorder sales are underwhelming.

Apple shares edged lower again Wednesday, pinning the stock near the lowest levels in a month, even as a top Wall Street analyst sees an impending 'super-cycle' of iPhone upgrades tied to the tech giant's AI push.

Apple stock rose after the chief executive of wireless carrier T-Mobile US offered positive comments about early demand for iPhone 16 handsets.