Despite investors’ positive response to Apple Inc.’s (AAPL) new product launches, including the feature-packed iPhone 11, not all are so impressed. Rosenblatt Securities analyst Jun Zhang estimates that initial weekend preorders were about 20% lower for the iPhone 11 Pro/Max and 15% lower for the iPhone 11 versus the comparable models last year, as outlined by Barron’s. Zhang and other skeptics, including analysts at Goldman Sachs, say that Apple is unlikely to make up for any weakness in the iPhone, which still accounts for roughly half of sales.
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