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Apple iPhone 16 AI driven massive upgrade cycle on the horizon - Wedbush

July 8, 2024 8:18 AM EDT

Investment firm Wedbush predicts a "monumental iPhone 16 upgrade cycle" fueled by Apple's (NASDAQ: AAPL) advancements in artificial intelligence (AI).

Analyst optimism stems from "recent Asia supply chain checks," indicating iPhone stabilization and a potential growth turnaround in China, Apple's key market. Wedbush believes the iPhone 16, launching in mid-September 2024, will be the... More