Investment firm Wedbush is bullish on <a href="https://appleinsider.com/inside/apple-ai" title="Apple AI" data-kpt="1">Apple AI</a> and its effect on iPhone 16 sales, suggesting it will drive a supercycle going into 2025. <div><img src="https://photos5.appleinsider.com/gallery/59784-122247-IMG_0076-xl.jpg" alt="An iPhone 16 render with the Siri logo combined with a ChatGPT logo on the display" height="738" > iPhone 16 sales could be driven by AI demand</div> Wedbush has been praising Apple's initiatives, with comments about <a href="https://appleinsider.com/inside/apple-vision-pro" title="Apple Vision Pro" data-kpt="1">Apple Vision Pro</a> being <a href="https://appleinsider.com/articles/24/01/24/very-impressive-apple-vision-pro-launch-has-inspired-wedbush-analysts">a push</a> into AI and telling investors <a href="https://appleinsider.com/articles/24/03/05/wedbush-ai-pent-up-iphone-16-demand-outweigh-concerns-over-china-sales">not to worry</a> about China sales. In the latest note seen by AppleInsider, Wedbush raises its price target again from $250 to $275. It bases its bullish stance on Apple's expected AI push in the second half of 2024. <a href="https://appleinsider.com/articles/24/05/23/iphone-16-supercycle-to-be-driven-by-demand-for-apple-ai-says-analyst?utm_medium=rss">Continue Reading on AppleInsider</a> | <a href="https://forums.appleinsider.com/discussion/236511?utm_medium=rss">Discuss on our Forums</a>

In the latest note seen by AppleInsider, Wedbush raises its price target again from $250 to $275. It bases its bullish stance on Apple's expected AI push in the second half of 2024.

iPhone 16 supercycle to be driven by demand for Apple AI, says analyst

Don’t miss the latest from Apple Vision Pro News