Apple's launches AI-powered iPhone 16 — but Wall Street split on whether it will spark ‘super-cycle'

Apple unveiled its AI-enhanced iPhone 16 on Monday — but Wall Street is divided on whether it will be able to reverse a sales slump for the tech giant’s flagship product.  Dubbed “Apple Intelligence,” the firm’s AI push was front and center during the high-profile presentation at its Cupertino, Calif., headquarters. The latest model features an A18 chip designed to power large generative models and a customizable “action button” that can be paired with various tasks, such as voice translation, and a new ded ...