Apple (NASDAQ: AAPL) shareholders are holding onto a successful iPhone 16 launch. Otherwise, the stock could be in trouble. Right now, Apple's stock trades at a premium price point despite its weak growth prospects, but the iPhone 16 could change all of that.

However, Apple investors received concerning news about the iPhone 16, and it could spell disaster for the stock.

TF International Securities analyst Ming-Chi Kuo monitors several key Apple suppliers to gauge iPhone preorders. The iPhone 16 was announced last week, making this the first weekend of preorder data available, which is crucial in determining overall demand. The last few years have seen fairly weak iPhone demand, with sales barely moving from year to year. Unfortunately, for investors, that trend is starting to move in the wrong direction.

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Source Fool.com