Apple's stock price closed down 2.25% on Monday, after analysts from renowned US investment bank Jefferies stated that investors' expectations for the company's latest iPhone were too optimistic. The iPhone 16 is the company's first smartphone equipped with artificial intelligence (AI) tools. Jefferson analyst Edison Lee wrote in the latest report, "High expectations for the iPhone 16/17 are still too early because of the lack of substantial new features and limited coverage of artificial intelligence, which means that high market expectations (5% -10% sales growth) are unlikely to be achieved