Apple, Inc.(NASDAQ:AAPL) iPhone 16 unveiled at the Glowtime event last week did not live up to the hype but it made up for some of the disappointment with its hearing aid and health upgrades, said Bloomberg'sMark Gurmanon Sunday.

Why iPhone 16 Disappointed:The iPhone upgrade was mostly about "refining device's nuts and bolts" rather than introducing exciting or new features, said Gurman in the latest instalment of his Power On newsletter.

Among the changes to the iPhone were the addition of a dedicated hardware button to take pictures and video, redesigned interiors to dissipate heat, and...