Apples Delayed AI Launch A Real Risk To Upgrade Cycle: Analyst
Analysts expect a strong upgrade cycle for the iphone 16 series, likely to be launched in september. The company unveiled a raft of ai products and services it calls. Apple inc (nasdaq:aapl) is poised for growth with upcoming ai upgrade cycle. Analysts bullish on stock. Mohan sees an iphone upgrade cycle coming, driven by genai.
The company said smartphone customers have to upgrade to the iphone 15 pro or pro max that apple began selling in september 2023. The ai, built so it can process data. He also sees resilience in apple's services. The reported delay in the release of apple intelligence won't hurt apple's potential for a golden upgrade cycle with the iphone 16, analyst said.