Investors think AI features on the iPhone 16 will drive a sales supercycle into 2025

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As the world is getting obsessed with AI features on phones, Apple is also reportedly going to have some AI on the upcoming . Wedbush has now raised its price target of Apple stock from $250 to $275. The note also mentions that Apple's possible introduction of AI during WWDC would be one of the most important events of the decade forsupercycle. A supercycle is basically a period of elevated sales for a product. Also, the slowdown of sales in China will also be turned around.

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