Apple Inc. shares fell Monday after a closely followed analyst warned that demand for the firm’s new iPhone 16 Pro model has been lower than expected.

Shares of Apple fell nearly 3% on Monday after some analysts said delivery times for the new iPhone 16 Pro models indicated weaker-than-expected demand, possibly due to the delayed rollout of key artificial intelligence features.

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Apple’s new iOS 18 software update is out. The refreshed version of Apple’s mobile operating system is bursting with new features and improvements. All told, the update gives you more ways to customise your iPhone’s home screen and settings than ever before.