Apple’s iPhone 16 has officially arrived in stores

Still, there’s been much excitement about the improvements to the basic iPhone 16, which comes in some saturated new colors and is getting two new buttons — the Camera Control and an Action button.

The scene in Singapore

In Singapore’s flagship Apple store in Orchard, the city’s central shopping district, the scene had the hallmarks of Apple’s product launches: countdowns to store opening, long queues outside the store, and store employees cheering for the first batch of customers as they walk in.

Queues began at 4 a.m. and were split into pre-order pickups and walk-in orders.

The store opened at 8 a.m. When Business Insider visited the outlet at 9 a.m., there were about 300 people in line for walk-in orders.

By 9 a.m., the store was surrounded by resellers who had purchased two iPhones — the maximum you can pre-order — and were looking to buy more from those who bought spares.

Many of these resellers traveled to Singapore from Vietnam and Sri Lanka, where Apple does not have official stores, or from India, where Apple has two stores. Some people carried between eight to 12 merchandise bags and came with carry-on suitcases to transport the iPhones back home.

BI spoke to a Singaporean couple in their mid-20s, who said this was their first time attending an Apple launch day. They had pre-ordered the iPhone 16 for themselves and their friends. They kept two phones but sold off the remaining to buyers who approached them on the street.

The Singaporean shopper said he flipped each extra phone to a Vietnamese group for a profit of 150 Singapore dollars, or $116, a piece. He took a leave from work to pick up his order at 8 a.m.

“There’s not so much profit from this, it was more for fun,” he said.

Another iPhone enthusiast who spoke to BI said he has been attending launch days since 2011, even before the Orchard flagship store opened in 2017. He said he updates his iPhone every year.

He said the crowd on Friday was slightly more muted than it has been in the past. He said he hopes Apple designs a flip phone similar to those being produced by Samsung and Huawei, so he can have an “iPad in his pocket.”

A lot is riding on this launch for Apple. iPhone sales slipped year-on-year in Q3, and analysts have said an AI-powered smartphone could be the game changer Apple needs to see revenue bounce back. However, pre-orders over the past weekend were estimated to be about 13% lower than with the iPhone 15 — primarily due to the slower rollout of AI features as well as competition in China.

Apple has successfully generated hype around its upcoming software, but today could indicate whether it can back it up with initial hardware sales.