Apple, the most powerful name in the technology world, sets the bar for the smartphone industry even though it produces fewer models compared to other companies. The company manages to enter the world’s agenda with each new iPhone series. However, recent reports indicate that this situation may deteriorate in 2024.
Barclays investment analysts: “iPhone 16 demands will not cure the decline!”
Investment analysts at Barclays have published a report on Apple’s outlook. The report explained that the iPhone demand graph will decline in 2024 and that the iPhone 16 series will not be able to reverse this decline. Barclays lowered its Apple price target by just one dollar, from $161 to $160. Additionally, Barclays published a similar report for the iPhone 15 series last year.
On the other hand, leaked information has begun to emerge for the iPhone 16, which is expected to arrive in September. Judging by the details, the series will resemble the iPhone 12 series in design. In addition, there will be a 48 Megapixel main camera + 48 Megapixel ultra wide angle camera + 12 Megapixel telephoto lens array on the back panel.
It is likely that growth will also be seen on the screen side. New information from Apple’s factories in China revealed that the iPhone 16 Pro and 16 Pro Max will feature 6.3-inch and 6.9-inch screens, respectively. This marks growth over the 6.1-inch and 6.7-inch displays on the iPhone 15 Pro and 15 Pro Max.
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