Apple Targets 90 Million iPhone 16 Units with New AI Features

The tech giant anticipates a significant boost in demand driven by Apple Intelligence and a recovering Chinese market.

Apple aims to ship 90 million iPhone 16 units in 2024, a 10% increase over the previous model.
New AI capabilities, branded as Apple Intelligence, are expected to drive consumer interest and upgrades.
Analysts project a 12% increase in Apple stock, citing pent-up demand and AI integration.
The iPhone 16 series will feature enhanced hardware, including a minimum of 8GB RAM and the new A18 chipset.
China's market recovery and increased consumer interest are crucial factors in Apple's optimistic outlook.