** Shares of iPhone-maker Apple fall 2.1% to $217.88 premarket
** Demand for AAPL's latest iPhone 16 Pro models lower than expected, says TF International Securities analyst Ming-Chi Kuo on X
** Kuo estimates total sales of 37 million units for the iPhone 16 lineup based on first weekend pre-orders
** Apple unveiled its long-awaited, artificial intelligence-boosted iPhone 16 last week; higher-end 16 Pro and 16 Pro Max have more AI capability
** 35 of 47 brokerages rate the stock "buy" or higher, 11 "hold" and 1 "sell" or lower; their median PT is $243
** AAPL up 15.5% YTD
(Reporting by Arsheeya Bajwa in Gurugram)
((ArsheeyaSingh.Bajwa@thomsonreuters.com; +91 8510015800;))
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