iPhone 16 Outpaces October Sales Forecasts, But KeyBanc Sees Growth Hurdles Ahead
KeyBanc Capital Markets’ carrier survey shows Apple’s (NASDAQ:AAPL) iPhone 16 sell-through in October exceeded forecasts. The poll revealed an 8% annual YOY rise in iPhone sales during the month. In a client report, KeyBanc analysts John Vinh and Brandon Nispel pointed out that sales of iPhone 16 exhibited a meager month-over-month increase. Driven by enthusiasm…