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Apple Inc. is set to hold its annual event on Monday, and all eyes will be on the tech giant's stock as Wall Street opens. The event, scheduled for 10 am PDT (1700 GMT) at Apple Park headquarters, is expected to see the unveiling of the highly anticipated iPhone 16 lineup. This new generation of iPhones is poised to be the first designed around Apple's AI features, with a strong emphasis on how artificial intelligence has been integrated into the flagship device's capabilities. The company's focus on AI is likely to be a key talking point for investors, as Apple seeks to maintain its competitive edge in a rapidly evolving technology landscape.
The iPhone 16 lineup is not the only product expected to be launched at the event. New versions of the Apple Watch and AirPods are also anticipated, further adding to the excitement surrounding Monday's announcements. These new products, along with the iPhone 16, have the potential to significantly impact Apple's financial performance. In June, Apple organized a developer conference where it launched Apple Intelligence. While the iPhone 16 lineup will be the first to be fully designed around these AI features, they will also be available on the iPhone 15 Pro and Pro Max models. This strategic move underscores Apple's commitment to AI and its belief that these technologies will be instrumental in shaping the future of its products.
The impact of Apple's product launches on its stock price will be a key point of observation for investors. Last year, iPhones accounted for over half of Apple's $383 billion sales, making them a crucial driver of revenue and profitability. The success of the iPhone 16 lineup, along with the reception of the new Apple Watch and AirPods, could significantly impact Apple's stock performance in the coming months. As the tech giant continues to invest heavily in research and development, its ability to innovate and deliver compelling products will be crucial in maintaining its position as a market leader.
Source: Wall Street: Apple stock in focus as all eyes on new launches