Investors are buzzing with excitement as rumors swirl about AI features coming to the upcoming iPhone 16 series. Apple is reportedly gearing up to introduce AI capabilities that could drive a sales supercycle well into 2025.

Wedbush, a leading investment firm, is bullish on the potential success of AI on the iPhone. In a note obtained by AppleInsider, Wedbush has raised its price target for Apple stock from $250 to $275 in anticipation of this development. The firm believes that Apple’s potential unveiling of AI at WWDC could mark a significant milestone for CEO Tim Cook.

The introduction of AI features on the iPhone 16 is expected to set the stage for a sales supercycle, ushering in a period of heightened demand for the product. Additionally, this move could help reverse the recent slowdown in sales seen in China.

Anticipation is building for WWDC, scheduled for June 10 – June 14, where Apple is expected to showcase the new iOS 18 and potentially reveal details about its AI capabilities. The tech industry at large is eagerly awaiting this announcement.

With recent iPhone models struggling to deliver substantial updates compared to previous versions, incorporating innovative AI features could be a game-changer. It remains to be seen what specific AI functionalities Apple will introduce and how they will stack up against competitors like Galaxy AI.

Stay tuned as we await further details on how AI will revolutionize the iPhone 16 series and shape the future of mobile technology.