Apple (AAPL -3%) is experiencing a drop today after preorders for its newest iPhone models fell short of expectations. Last week, Apple introduced the iPhone 16, iPhone 16 Pro, and iPhone 16 Pro Max with minimal design changes. The company also unveiled its latest Apple Watch and AirPods, part of its Wearables segment.Apple's annual events, like the Worldwide Developers Conference, often trigger a sell-the-news reaction. Typically, the stock rebounds quickly. For instance, shares dipped in June after the iO ...