AsApple Inc(NASDAQ:AAPL) prepares to unveil its highly anticipated iPhone 16 lineup tomorrow, prominent Wall Street analystDan IvesofWedbush Securitiesis forecasting a potential watershed moment for the tech giant.

What Happened: In a research note released on Sunday, Wedbush claims that the iPhone 16 launch could kick off "Cupertino's biggest upgrade cycle in its history."

Ives, known for his bullish stance on Apple, cites the integration of artificial intelligence as a key driver for this predicted supercycle.

"This iPhone 16 release is all about Apple Intelligence and the unleashing of the consumer AI Revolution through Cupertino," Ives...