Demand for Apple's iPhone Is Weakening? Not So Fast

Demand for the iPhone is fading as we move into the gift-giving holiday season. That's the word from Bloomberg, anyway. Citing "people familiar with the matter," the news source suggested on Thursday that "demand for the [new] iPhone 13 lineup has weakened," prompting Apple (NASDAQ: AAPL) to at least warn suppliers it could curb orders. Apple shares, of course, fell in response to the report.

And there's probably something to the story. Even if the weakening demand is more of a feeling and less of a data point, Bloomberg's unnamed sources felt confident enough to voice the idea.

Just know that there are some firmer numbers that don't quite jibe with Bloomberg's suggestion. And we've heard this warning about the iPhone before, but these bearish outlooks often failed to materialize.

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Source Fool.com