(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.

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Source Fool.com