The article discusses the potential impact of Apple’s upcoming iPhone 16 on the company’s stock price and the semiconductor industry. It highlights the strong demand and high preorder numbers for the new iPhone model, which could drive Apple’s stock higher. The article also explores how the iPhone 16’s success could benefit chip stocks in 2024, as Apple is a major customer for semiconductor companies. It suggests that investors should closely monitor Apple’s performance and the semiconductor sector’s exposure to the tech giant’s product cycles. The key takeaways are: Apple’s iPhone 16 is generating significant consumer interest, which could boost the company’s stock; the new iPhone’s chip demand could provide a tailwind for semiconductor stocks in 2024; and investors should pay attention to Apple’s product launches and their ripple effects across the tech supply chain.