Can the iPhone 16 Help Apple's Stock Skyrocket?
(NASDAQ: AAPL) unveiled its highly anticipated next generation of iPhones earlier this week at its iPhone 16 launch event. While Apple enthusiasts no doubt will clamor for the latest iteration of the smartphone, the key question on investors' minds is whether the upgrades will be enough to spark a hardware upgrade cycle that can power the stock.
While the new iPhone comes with some great new features, let's look at why a significant upgrade cycle may not be in the cards.
The key feature Apple hopes will drive consumers to its next-generation iPhone is its integration of Apple Intelligence. Apple Intelligence is the suite of artificial intelligence (AI) tools to help improve the user experience.
Source Fool.com
Apple Inc. Stock
€201.30
-0.470%
Currently there is a rather positive sentiment for Apple Inc. with 157 Buy predictions and 17 Sell predictions.
With a target price of 226 € there is a slightly positive potential of 12.27% for Apple Inc. compared to the current price of 201.3 €.
