“However, significant growth in iPhone shipments will likely require further hardware innovation to accompany this AI development.”
Ming-Chi Kuo says Apple cut iPhone 16 orders by about 10 million units, mostly the base model. He sees 80 million units in the fourth quarter, down from about 84 million a year earlier. Apple Intelligence has not even shipped yet, and the phone sold on it is already being cut. AI was supposed to drive the upgrade cycle.