The Grove Apple retail store in Los Angeles, California, features the Apple iPhone 15 series on display for purchase. Wall Street is expecting significant AI improvements with the iPhone 16.
Since introducing the 5G connection with the iPhone 12, Apple hasn’t offered consumers a compelling reason to update their phones for the past four years—a concerning development for the company’s primary line of business. This week, though, things might change.
More than half of the company’s revenue came from the iPhone last year, but sales growth has been sluggish as consumers have been taking longer to upgrade to new models.
A lot of device manufacturers are currently dealing with longer upgrade cycles, or the intervals between users purchasing new phones. However, they have been particularly excruciating for Apple as it struggles with additional difficulties like fierce rivalry in the important China market and a historic antitrust action.
At its yearly Worldwide Developer Conference on Monday, Apple is anticipated to unveil new AI features that could turbocharge its products and put it back in the race against the majority of the tech industry, which has already advanced AI to full steam. Additionally, the iPhone is the most significant product for Apple.
When Apple releases the iPhone 16 in the autumn, new AI features that offer a strong incentive to upgrade could help the business at a critical juncture.
