Apple's (AAPL, Financials) iPhone 16 sales have fallen short of expectations, with KeyBanc analysts reporting a 6% year-over-year decline in February, underperforming typical seasonal trends.
Based on data from the market research firm Counterpoint, Apple was hit hard by sluggish sales numbers. Compared to 2023, the Cupertino King shipped customers 19% fewer Apple Watch units.
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