The iPhone is about to embark on a multi-year upgrade cycle due to IntelliPhones says analyst

did not invent the smartphone. What the company did was improve the smartphone to make it a device that could be used universally by everyone no matter what they wanted a phone to do for them. Now, more than 17 years after the smartphone industry was radically changed, not to mention the world, the smartphone industry is about to change again according to Bank of America analysts.

Mohan wrote Bank of America clients to say,"We see the introduction of AI smartphones as a once in a decade upgrade event," which the analyst says will lead to"a multi-year upgrade cycle similar to the step function improvement driven by the introduction of smartphones." As regular smartphones find that they can't compete with IntelliPhones, consumers will go on an upgrade spree similar to what happened when the iPhone was first released in June 2007.

Apple has an installed base of 2.2 billion active iPhone users and many of them might be convinced to upgrade once they see what AI-powered iPhone models can do for them. Showing consumers what the original iPhone could do for them was the theme of Apple's first iPhone commercials and sold the public on the necessity of needing a touchscreen phone. Mohan sees Apple benefiting from a multi-year iPhone upgrade cycle as the IntelliPhone era starts.

The note to clients included talk of an AI App Store where iPhone users can download AI-based apps for their handsets which will give Beyond smartphones, Alan has covered the emergence of tablets, smartwatches, and smart speakers.A discussion is a place, where people can voice their opinion, no matter if it is positive, neutral or negative. However, when posting, one must stay true to the topic, and not just share some random thoughts, which are not directly related to the matter.

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