Apple unveils iPhone 16 with enhancements, but investors are hesitant to be impressed

From Nasdaq: 2024-09-19 05:10:00

Apple has unveiled the iPhone 16, with improvements like enhanced battery life, better cameras, and AI features. However, the lack of significant upgrades may not motivate users to upgrade.

Investors are skeptical about the new iPhone’s potential to boost sales. iPhone revenue makes up half of Apple’s overall revenue, and this latest device may not provide the growth catalyst the company needs.

While Apple stock is down post-launch, it could still be a good long-term investment due to its strong customer base. The Motley Fool’s analysts believe there are better stocks to buy now than Apple, citing higher potential returns in other companies.



Read more at Nasdaq: Apple Has Unveiled the iPhone 16, and This Is Why Investors Aren’t Impressed