The iPhone XVI launch has met mixed reactions, largely due to the delayed iOS software release, resulting in weak sales expectations and consumer hesitance.
The new iPhone lacks substantial upgrades over the iPhone XV, resulting in a lower appeal to consumers who seek more than just minor enhancements.
With foldable phones from Chinese brands like Huawei gaining popularity, Apple's dominance in the smartphone market is increasingly challenged.
Apple's pivot to increased advertising efforts indicates potential struggles to maintain their position in a competitive marketplace.
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