Analysts predicts no major upgrades in iPhone 16, Apple dips 3%

The iPhone 15 series is still making its place among consumers and the talks for the iPhone 16 are now heading toward analysts ahead year’s end release.

Barclays analysts today predicted that the demand for the new iPhone is wearing off and cut their rating on Apple to underweight and the price target is reduced to $160 from $161.

The analyst predicted a 17% decline over the next year based on its last close. After this prediction, Apple’s stock dropped up to 3% on Tuesday wiping away around $75 billion from the tech maker’s market cap.

The analysts are unimpressed by the iPhone 15 and its sales volume. Similarly, there are no major upgrades planned for the next iPhone 16 series to make it “more compelling”.

iPhone 15 Series

Past leaks show that Apple will increase the size of the iPhone 16 series for the Pro models. The company will also introduce a new video capture button on the right side of the phone to make it more interactive for videography.

iPhone 16 Pro and 16 Pro Max also equip long-range zoom on both of these models using the tetra prism lens.

Aside from this, an iOS 18 code leak shows that there could be four models in the iPhone 16 lineup, standard, Plus, Pro, and a Pro Max variant. All of these will run the A18 Bionic chipset with the latest chipset processing tech.

(source – Bloomberg)