Apple's iPhone 16 is selling better than the iPhone 15, says T-Mobile CEO

T-Mobile CEO Mike Sievert claims that sales of Apple's iPhone 16 are outperforming those of the iPhone 15, dismissing analyst concerns about underwhelming preorders as 'nonsense.' He noted that consumers are purchasing higher-end models at a greater rate. The iPhone 16, which features generative AI technology, will be available in stores starting September 20. Sievert anticipates that the rollout of AI features may extend the sales cycle for the iPhone 16. Apple's shares rose 3.71% during trading, reflecting a 31.59% increase over the past year.