Wedbush would characterize demand for iPhone 16 so far since its September launch as “slightly ahead to generally in line with expectations globally” and argues that Black Friday kicks off “an important holiday season for Apple” as its flagship iPhone 16 really sees the beginning of its Apple Intelligence launch with the release of 18.2 likely next week. The release of 18.2 will be a significant software update for Apple Intelligence as it will bring a suite of AI features including ChatGPT integration and Apple Intelligence has not rolled out in China or many other countries, with April the likely timetable for these AI launches, adds the analyst, who maintains an Outperform rating and $300 price target on Apple shares.
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