Ming-Chi Kuo Foresees Minor Impact of iOS 18 on iPhone 16 Demand

Respected TF Securities analyst Ming-Chi Kuo has offered his expertise on the subject that's top of mind for many investors with an eye on AAPL: the potential market impact of the iOS 18 release and the upcoming Apple Worldwide Developers Conference (WWDC) 2024 on Apple Inc.'s iPhone 16 shipments. Despite the keen public interest and media buzz that typically accompany Apple's WWDC events and iOS unveilings, Kuo predicts a muted influence on the demand for iPhone replacements.

Projected Shipment Trends

Kuo's analysis points to a 5% year-over-year decline in iPhone 16 shipments. This forecast might concern AAPL investors anticipating growth from new product releases, a pattern seen in previous years. The anticipated drop suggests that the unveiling of iOS 18 and its features at WWDC 2024 might not be the catalyst for a sales boost that some had hoped for.

Apple's Market Stature

Apple Inc. has secured its standing as a behemoth in the tech industry. As of 2021, not only is it the largest technology company worldwide by revenue, with a staggering $274.5 billion in 2020, but it also holds the title of the world's most valuable company since January 2021. Its influence extends across multiple segments, being the fourth-largest PC vendor and smartphone manufacturer globally. Apple is a pivotal member of the Big Five in the American information technology sector, standing alongside prominent names such as Amazon, Google, Microsoft, and Facebook.

Apple, Investment, Analysis