Apple’s iPhone 16 has experienced a promising start in terms of pre-order demand, reinforcing Wedbush Securities’ prediction that the company will surpass its previous record for annual iPhone unit sales and achieve a market capitalization of $4 trillion by 2025. The brokerage firm estimates that iPhone 16 sales will increase by a high single-digit or even double-digit percentage, starting with the December quarter. Wedbush anticipates that Apple’s highly anticipated artificial intelligence features for the new iPhone will be gradually released over the coming months.
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Tuesday, September 24, 2024
Apple off to strong start with first weekend of iPhone 16 sales – Wedbush
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