Apple shares edged lower again Wednesday, pinning the stock near the lowest levels in a month, even as a top Wall Street analyst sees an impending 'super-cycle' of iPhone upgrades tied to the tech giant's AI push.

Shares fell 3% by midafternoon, wiping out roughly $96 billion in market capitalization, though Apple comfortably remains the most valuable public company in the world. Apple dropped Monday to its lowest intraday share price since Aug. 9.

A prominent Apple analyst says iPhone 16 Pro preorders were lower in the first weekend relative to last year’s iPhone 15 Pro performance.

Apple shares moved lower in early Monday trading following a trio of reports that suggest early demand for its new iPhone 16s is falling behind last year's levels. Apple (AAPL) , which launched its new iPhone 16 last week,

Apple’s annual product launch Monday failed to immediately capture the hearts of investors, as shares of the world’s biggest company slumped during the event largely focusing on previously rolled-out artificial intelligence features coming to iPhones.

Morgan Stanley analyst Erik Woodring rates Apple stock at Overweight with a $273 price target. He’s upbeat on fiscal 2026 and the iPhone 17.

Apple (NASDAQ:AAPL) shares fell on Monday amid concerns that the iPhone 16 has seen softer-than-expected pre-orders, due in part to weak demand for the iPhone 16 Pro. And while that weakness may impact the near-term,

E-commerce platforms are offering price cuts of up to 11% on Apple’s latest smartphones, as Huawei steals the market buzz.