Apple's latest smartphone, the iPhone 16, will be available in stores starting today, following disappointing Wall Street feedback from pre-order data.

As the iPhones went on sale, however, Apple released the first public beta of iOS 18.1, an early version of the software that will bring Apple Intelligence. New customers can get access to those features in an early version by joining Apple’s beta programme and choosing to download that update.

T-Mobile Chief Executive Mike Sievert says it’s “nonsense” that the iPhone 16 line’s preorder sales are underwhelming.

T-Mobile CEO Mike Sievert says the new iPhone 16 is selling ahead of the device hitting store shelves Friday. Analysts had predicted that sales would suffer because the much-hyped Apple Intelligence feature won't be available until at least October.

Apple stock rose after the chief executive of wireless carrier T-Mobile US offered positive comments about early demand for iPhone 16 handsets.

A number of analysts have made comments about weak pre-order demand for Apple's (NASDAQ:AAPL) new iPhone 16 line. However, T-Mobile (NASDAQ:TMUS) Chief Executive Officer Mike Sievert made comments at the company's capital markets day that suggest iPhone demand is not quite as bad as feared.