The iPhone 16 lineup is anticipated to incorporate generative AI features branded as Apple Intelligence, potentially reinvigorating sales as consumers look for upgrades.
Wedbush analysts predict that the new AI-powered iPhone models will initiate a 'golden upgrade cycle', suggesting strong confidence in Apple's upcoming product launch.
As iPhone sales have slowed, the upcoming Apple event is crucial for the company; investors eagerly await new devices to stimulate customer upgrades.
The October event is key for Apple, showcasing new iPhones and devices while giving insights on pricing and preorder timelines for eager consumers.
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