20 AI News That Broke The Internet This Month

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4. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 184 

Apple Inc. (NASDAQ:AAPL) is a consumer electronics firm. The company launched the latest model of the iPhone, dubbed iPhone 16, earlier this month. The new phone debuted with a lot of hype around Apple Intelligence, a suite of AI features that Apple Inc. (NASDAQ:AAPL) believes will change the way consumers interact with phones altogether. Initial demand figures for the phone paint a confusing picture, but Wedbush analyst Dan Ives has dismissed concerns around slower growth projections, reiterating in a recent investor note that with the introduction of artificial intelligence, a number of camera upgrades and better battery life as part of the iPhone 16, it was possible the iPhone 16 upgrade cycle topped 90 million units on initial launch. Ives further claimed that the launch of the iPhone 16 was the start of an AI driven supercycle, and throughout fiscal 2025, Apple could sell more than 240 million units of the phone.

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