Funding agency Wedbush revealed that Apple is anticipating big gross sales progress with the brand new iPhone 16 lineup. The analysts predict a “monumental” demand and a “massive upgrade cycle” pushed by AI (Apple Intelligence).
The agency primarily based its predictions by itself provide chain checks in Asia. It acknowledged that China has seen its final unfavorable progress quarter for the iPhone. A turnaround will likely be seen in September when the brand new iPhone 16 units will likely be launched.
Wedbush additionally revealed that if Apple implements its AI options to all 2.2 billion energetic units, it will change into the buyer gatekeeper and push AI builders to comply with the identical integration mannequin Apple introduced with OpenAI’s ChatGPT.
Different corporations becoming a member of this path would create a “multi-pronged AI revenue stream” that might add $10 billion in annual progress for Apple. Unspecified monetization alternatives that might drive up each Apple Providers and {hardware} gross sales would additionally improve the corporate’s share worth.
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