iPhone 16 a flop? One data from an analyst wipes off $94 billion from Apple's market cap

Apple iPhone 16 was initially looking like a very strong prospect but a few analysts came forward to claim that the latest edition's demand could tank in the coming days, something that has already led to losses in Apple's market capitalization in recent while. Demand for Apple is generally at a peak during launch periods, but this time around, the hype is not seeming that great, as per reports.