Tech media AppleInsider reported yesterday, October 2nd, that investment bank JPMorgan believes that Apple Intelligence has not "ignited" the iPhone 16 series. JPMorgan surveyed user feedback and monitored sales data of the iPhone 16 series, and believes that at this stage, Apple Intelligence has not driven sales of the iPhone 16 series. This may be because Apple has not fully unlocked the AI functionality, thus having a "weaker impact" on initial orders. JPMorgan listed reasons worth upgrading the iPhone 16 series, stating that Apple Intelligence did not rank among the top five factors. Previous factors include faster 5G network connection and phone running speed. Another issue is that Apple Intelligence will initially only provide support for American English. Analysts predict that with more country support, consumer demand for the Apple Intelligence model will increase. Overall, JPMorgan predicts that Apple will sell 76 million iPhones in the fourth quarter of 2024. This number will reach 0.148 billion units in the following four quarters. Based on current sales and forecasts for Apple's intelligent growth, JPMorgan maintains Apple's stock price at $265.