Apple's iPhone 16 series was expected to come with support for serious AI (artificial intelligence) features. However, at the current standpoint, Jefferies believes that Apple's AI features might not be enough for users to upgrade to iPhone 16 series. In fact, an analyst at Jefferies even said that the serious AI experience from Apple will only arrive in two to three years for the users. On Monday, Apple's shares fell slightly.
Edison Lee, an analyst at Jefferies, believes that near-term expectations of iPhone sales are "too high", according to a report from TheStreet. He said that in the long-term, Apple Intelligence is great as it is the only AI experience where hardware-software are closely integrated to offer low-cost, personalised AI services. However, in the short term, the smartphone hardware needs rework before becoming capable of serious AI.
Now this is pretty interesting as Apple is all set to roll out the first set of AI features later this month. The iOS 18.1 update scheduled for October 28 will bring these updates to the users. To know more about these features, you can refer to the link below.
Read More - iOS 18.1 to Bring Much Awaited Apple Intelligence Features: Report
"We believe AI-capable smartphone tech is likely 2-3 years away due to limitations in high-speed memory and advanced packaging tech," he said. "[But] Apple's thin model (17 Air) in 2025 could attract more upgrade demand," Lee said according to the publication.
Read More - Apple Intelligence, Everything You Should Know about Apple Next Big Thing
Apple is likely to introduce a new thinner model of the iPhone with the next series launch. The iPhone 17 Air (this is the expected name) is expected to boost the sales for the company as it would be a refresh for the customers. Apple's fourth-quarter results are scheduled for October 31, 2024. The estimates suggest earnings of $1.60 per share on revenue of $94.4 billion USD.
