Wedbush predicts a major iPhone 16 upgrade cycle and Apple's China struggles end due to strong demand.

Investment firm Wedbush predicts a major iPhone 16 upgrade cycle and an end to Apple's China struggles due to "monumental" demand based on Asia supply chain checks. Apple's AI integration, like Apple Intelligence, and 2.2 billion active devices worldwide may create a $10bn annual growth and increase Apple's share price by $30-$40. A growth turnaround for China is anticipated during the September quarter when new iPhones are released.