Apple has once again captivated the tech world with the launch of its new iPhone 16 series at the ‘It’s Glowtime’ event, held on September 9, 2024. The Cupertino-based tech giant introduced four new models: iPhone 16, iPhone 16 Plus, iPhone 16 Pro, and iPhone 16 Pro Max. These devices are built to harness the power of generative artificial intelligence, a feature that reflects Apple’s commitment to staying ahead in the evolving tech landscape. Apple was scheduled to unveil it on Monday, September 9, 2024.

PRICING OF IPHONE 16 SERIES

Apple has kept its pricing strategy consistent with last year’s models, ensuring accessibility for a wide range of users. The base storage options of 128GB start at the following prices:

  • iPhone 16: ($799)
  • iPhone 16 Plus: ($899)

For the Pro models, the prices increase to reflect the advanced features:

  • iPhone 16 Pro: ($999)
  • iPhone 16 Pro Max: ($1,199)
ModelStarting Price (US & UK)
iPhone 16$799 / £799
iPhone 16 Plus$899 / £899
iPhone 16 Pro$999 / £999
iPhone 16 Pro Max$1199 / £1199

 

IPHONE 16 DESIGN: A MAJOR OVERHAUL

The iPhone 16 sees a significant design update. Unlike the previous generation’s diagonal camera setup, this year’s models boast a vertical camera layout, which aids in capturing spatial video. This new design aims to enhance the user experience, especially in content creation and augmented reality.

APPLE IPHONE 16 PRICE

IPHONE 16 COLORS
IPHONE 16 COLORS

AI INTEGRATION: APPLE’S PUSH INTO GENERATIVE AI

Apple’s new iPhone 16 series is built for generative artificial intelligence, promising to take the lead in machine learning innovations. This AI-centric design is expected to bolster the iPhone’s performance in areas like camera intelligence, real-time voice assistance, and more personalized user experiences.

APPLE INTELLIGENCE

During the event, Apple announced the upcoming Apple Intelligence feature, which includes an upgraded Siri digital assistant. With AI integration, Siri will offer smarter, more contextual responses. The ability to create custom emoji using text prompts and an interactive Siri interface further emphasizes Apple’s focus on blending AI with everyday tasks.

However, it’s important to note that much of the technology will be available later this year, potentially delaying its full impact on iPhone 16 sales.

PRO MODELS: ENHANCED CAMERA AND PERFORMANCE

The iPhone 16 Pro and iPhone 16 Pro Max bring significant upgrades in both design and functionality. One of the standout features is the 48MP ultra-wide camera paired with a 5x Telephoto camera on the Pro models, which was previously only available on the Pro Max.

IPHONE 16 PRO PRICE

IPHONE 16 PRO COLORS

CAMERA CONTROL AND ACTION BUTTONS

Apple has introduced new side buttons: the Camera Control button and the Action button. These features enhance user interaction, allowing quicker access to the camera and other functions.

The Pro models also come with the ability to shoot 4K video at 120 frames per second, cementing their status as powerful tools for creators. As a nod to Apple’s influence in the creative industry, it was revealed that The Weeknd shot his upcoming music video entirely on the iPhone 16 Pro.

A18 BIONIC CHIP: THE FASTEST CPU IN ANY SMARTPHONE

At the heart of the iPhone 16 series is the new A18 Bionic chip, which Apple claims to be the fastest CPU in any smartphone. This new chipset ensures faster performance, improved battery efficiency, and smoother AI processing across the board.

BATTERY LIFE: BEST IN ANY IPHONE EVER

Apple also emphasized that the iPhone 16 Pro Max features the best battery life ever seen in an iPhone. Users can expect extended usage times, further cementing Apple’s reputation for delivering durable, high-performance devices.

APPLE STOCK MARKET CHART AND CONCLUSION

Both the iPhone 16 and iPhone 16 Pro bring notable improvements over the previous models, from the advanced A18 series chips to upgraded camera features. These devices introduce a range of impressive innovations.

The A18 chipsets are powered by ‘Apple Intelligence,’ a set of AI-driven capabilities integrated across Apple’s apps. This includes AI tools for generating text and emails, creating images and emojis, and a new ‘Visual Intelligence’ app, which functions like Google Lens to identify and interact with objects in images.

On the hardware side, the iPhone 16 series introduces more than just upgraded chips. The camera system has been enhanced, with a new physical button for direct control within the camera app. The 48MP main camera, dubbed the ‘Fusion camera,’ effortlessly transitions between high-resolution shots and storage-optimized images, and also supports stereoscopic capture for the Apple Vision Pro.

The iPhone 16 Pro and Pro Max boast slightly larger displays at 6.3 inches and 6.9 inches with slimmer bezels. Key improvements on the Pro models include support for 4K video recording at 120FPS, ideal for slow-motion, alongside the 48MP wide-angle lens and a 5x telephoto lens (compared to the iPhone 16’s 12MP telephoto with 2x zoom).

AAPL_2024-09-10_01-12-19
AAPL_2024-09-10_01-12-19
ALI

ALI

Experienced Senior Research Analyst

SIKANDER RAZA

SIKANDER RAZA

Sikander Raza, a Senior Technical Analyst

HAMZA SALEEM

HAMZA SALEEM

Hamza Saleem, a Senior Business Analyst

IRSA

IRSA

Irsa Sajjad, as a Research Analyst for Equities

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