Apple's stock price slightly declined, Morgan Stanley analysts pointed out that the delivery cycle of the iPhone 16 is lower than the last three iPhone cycles. Analysts like Erik Woodring wrote, "Despite supply improvements, we hear positive rumors about the demand for the iPhone 16, but we still interpret these data points more cautiously." On the 11th day after the start of pre-sales, "the delivery cycle of iPhone 16 in the USA is 15 days, while the average delivery cycle of last year's iPhone 15 model was 26 days, and all iPhone 14 models were 18 days". "Overall, for the iPhone 16 cycle, these data points lean more towards the negative rather than positive, although their predictive power for the entire cycle remains weak." Shortly after the iPhone 16 was launched, other analysts had already warned of its weak demand.