Reported about 1 year ago
Wedbush analysts predict that Apple could achieve a market capitalization of $4 trillion with the upcoming AI-enabled iPhone 16. The supercharged iPhone, along with Apple's iOS 18 featuring Apple Intelligence and OpenAI partnership, are expected to drive a 'golden upgrade cycle' for the company, creating monetization opportunities and increasing share value. Projections suggest that an AI revolution led by the iPhone 16 could start in mid-September, with over 270 million iPhone users potentially upgrading after four years. Additionally, recovery in China's market is seen as a positive sign for Apple's upcoming upgrade cycle.
Source: YAHOO