Dan Ives foresees Apple ‘supercycle’ with new Apple Intelligence-optimized iPhones
When fully released, Apple Intelligence will combine the power of Apple-built generative models with personal context while taking an extraordinary step forward for privacy.
Wedbush analyst Daniel Ives is optimistic about Apple’s future growth, anticipating a “supercycle” of upgrades beginning with the newly released iPhone 16. Ives believes that a significant number of users with older iPhone models will be eager to upgrade to the iPhone 16, primarily driven by Apple Intelligence features that are expected to boost demand.
Eric Volkman for The Motely Fool:
Apple Intelligence is to be packed into all iPhones starting with the 16. So far it’s been something of a rare bird, with access limited to the high-end iPhone 15 Pro series.
Ives wrote, in a research note on the company, that users of old iPhones won’t be able to resist the lure of AI. Brisk sales of AI-stuffed iPhone 16s should result and, as a consequence, developers will create hundreds of AI-powered apps for Apple’s iOS. This will make the company an important driver, or the important driver, of AI development in the vast consumer sphere. In turn, this should significantly boost Apple’s fundamentals and crank up demand for its stock.
According to Ives’s research, around 300 million iPhone users have not upgraded their hardware in more than four years (all told, there are 1.5 billion iPhones in this world, according to his estimates, forming the bulk of the 2.2 billion Apple devices in total). Assuming his prediction comes true, the company could indeed see sudden, skyrocketing demand from folks wanting the 16. He put a dollar figure on this, forecasting that Apple stands to reap $30 to $40 per share in monetization opportunities from AI alone.
MacDailyNews Take: We’ll partake the of the dips, gladly!
Please help support MacDailyNews — and enjoy subscriber-only articles, comments, chat, and more — by subscribing to our Substack: macdailynews.substack.com. Thank you!
Support MacDailyNews at no extra cost to you by using this link to shop at Amazon.
The post Dan Ives foresees Apple ‘supercycle’ with new Apple Intelligence-optimized iPhones appeared first on MacDailyNews.
