According to Zhitong Finance and Economics APP, the latest report from Wedbush Securities indicates that sales of the iPhone 16 by Apple Inc. (AAPL.US) in the first three weeks in china have increased by 20% year-on-year, marking a revival in Apple's growth momentum. Analyst Dan Ives emphasized in a client report that especially the high-end Pro and Pro Max models have seen a 44% year-on-year sales growth compared to last year's iPhone 15. This trend is consistent with his recent industry analysis and supply chain checks during his trip to Asia. Ives predicts that with the start of an artificial intelligence super cycle led by the iPhone 16, Apple's iPhone sales in the Chinese market will experience a strong rebound in the next year. Wedbush maintains an 'outperform' rating on Apple stocks and has set a target price of $300.

Furthermore, Ives also mentioned that Apple may partner with Baidu in China in the field of artificial intelligence, similar to its collaboration with OpenAI in the USA. This could further drive upgrades for iPhones in the Asian market. He believes that Apple's introduction of artificial intelligence features, along with a large-scale upgrade cycle, is ushering in a new era of growth for iPhones, especially in China, a key market where the market has been a drag on Apple's revenue growth over the past year.

Ives expects that by 2025, there will be an opportunity for 0.1 billion iPhone upgrades in the Chinese market alone. For the entire fiscal year 2025, Ives expects that, driven by artificial intelligence, iPhone sales from Apple are likely to exceed 0.24 billion units.

As of the time of writing, Apple's stock price has risen by 1.8% in pre-market trading.