Apple upgrade cycle: It’s more than the iPhone 16, analyst says

After Apple (AAPL) held its “It’s Glowtime” event on Monday, unveiling the new iPhone 16 along with next generation AirPod and Apple Watch devices. Bank of America senior IT hardware analyst Wamsi Mohan joined Seana Smith and Brad Smith on Catalysts to discuss the how the enhancements to health, safety, and convenience features could expand the Apple ecosystem.

“Absolutely, we’re broadening out the ecosystem here with a bunch of new products,” Mohan said, highlighting the health and fitness features of the new Apple Watch and AirPods. “The number of applications that you’re seeing is starting to broaden out, which brings in new users into the ecosystem, and that’s not even including the phone,” the analyst noted.

“We have to look at the wow factor a little bit differently this cycle,” Mohan said, indicating that while the iPhone maker didn’t announce “a killer app” at Monday’s event, users may upgrade viewing the new devices as a “productivity enhancing tool” with software updates to follow.

For more expert insight and the latest market action, click here to watch this full episode of Catalysts.

This post was written by Naomi Buchanan.