The article discusses the potential impact of Apple’s upcoming AI-enabled iPhone 16 on the company’s stock price. According to Wedbush analyst Dan Ives, the iPhone 16 is expected to be a “game-changer” with advanced AI capabilities, which could drive significant revenue growth for Apple. Ives predicts that the AI-powered iPhone 16 could generate over $200 billion in revenue for Apple in its first 12 months, leading to a potential 20% upside in the stock price. The article highlights Apple’s continued investment in AI and machine learning, positioning the company as a leader in the field. Ives believes that the iPhone 16’s AI capabilities, combined with Apple’s ecosystem and services, could create a “supercycle” of demand and drive the stock price higher. The article emphasizes the importance of AI as a key growth driver for Apple in the coming years.
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