Apple Upstaged By Huawei. No Showtime For Glowtime.
Apple’s recent “Glowtime” event, meant to highlight the new iPhone 16, fell flat with investors. Despite CEO Tim Cook’s introduction of AI-driven features and larger screen sizes, the stock remained stagnant while the broader Nasdaq rose. Meanwhile, Huawei upstaged Apple with 3 million pre-orders for its new triple-folding smartphone. Though Apple has delivered strong returns in the past, its future growth is slowing.