Apple off to strong start with first weekend of iPhone 16 sales – Wedbush

Apple’s iPhone 16 has experienced a promising start in terms of pre-order demand, reinforcing Wedbush Securities’ prediction that the company will surpass its previous record for annual iPhone unit sales and achieve a market capitalization of $4 trillion by 2025.

The brokerage firm estimates that iPhone 16 sales will increase by a high single-digit or ev…