$Apple(AAPL)$ New low 100. Nobody’s buying the new iPhone 16. ! With prices exceeding $1,200 plus tax, it's no surprise that many consumers are hesitant to make the purchase. In today's economic climate, where approximately 90% of Americans live paycheck to paycheck and many have maxed out their credit cards, spending that amount on a new phone feels unreasonable for most people.
The high price point of the iPhone 16 may alienate a significant portion of potential buyers who are tightening their budgets. Furthermore, if this trend continues, it could indicate a longer-term decline in sales for Apple, especially if they don’t adjust their pricing strategy or offer more enticing features.
In conclusion, given the current economic pressures and consumer sentiment, I’m cautious about the outlook for Apple. I believe these factors may lead to a bearish sentiment around AAPL, at least in the short term.
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