Apparently the iPhone 16 will not be the big update to the range with AI, we will have to wait for the iPhone 17 according to analysts from JP Morgan and Barclays
It’s absolutely crazy that we’re already starting to talk about the iPhone 17 when there are barely six months left before the presentation of the iPhone 16 in September. According to information from certain JP Morgan analysts (via Bloomberg), they predict that The iPhone 17 will be the real step towards a big update
The iPhone 16 will not be the best device this year, we will have to wait for the news of the iPhone 17
Those from Cupertino would reserve the complete improvements for the iPhone 17 series. This would have direct consequences on sales and demand for these devices.including others nearby like iPad and Mac. On a related note, analysts at Barclays indicate that the iPhone 16 will not be the most in demand in a long time compared to its predecessor.. The last and most accurate analyst, Ming-Chi Kuo, has also already given his opinion on this situation and expressed his concerns. forecasting a 15% drop in global shipments due to lack of innovation.
The first AI sample will be in iOS 18 but it won’t be leveraged until next year
JP Morgan analysts await what Apple can show at WWDC 2024 in the presentation of its operating systems. According to the latest rumors, we could see a generative AI including Apple’s own browser, Safari, as well as some improvements in Siri management. They define it in a “particular” way but recall that important hardware updates will already be reserved for the iPhone 17.
Concerning the impact of actions, JP Morgan lowered its per-share price target from $225 to $215. However, there is an obvious drop and it reminds us of the time when 5G came to the iPhone, after which they increased again when they saw the benefits.
Finally, they predict risk within the services branch due to the regulatory issues they face in the App Store (EU and US territory) and Apple Music. One that maintains its strong forecast for the stock’s value is Wedbush, who puts it at $250.