Apple Inc. (AAPL, Financial) saw a 1.18% drop in pre-market trading to $230.25. Barclays reported data indicating that a major Taiwanese supplier has cut iPhone 16 orders for the December quarter.
Barclays had previously noted shorter global delivery times for the iPhone 16, both suggesting weak demand for the latest model. The firm maintains a "Underweight" rating for Apple, with a price target of $186.