AstraZeneca Q1 2026 Earnings Surge on Strong Oncology and Rare Disease Drug Sales 
Judge Dismisses Elon Musk’s Fraud Claims Against OpenAI, Trial to Proceed on Remaining Allegations 
OpenAI Faces Revenue Pressure and User Growth Challenges Ahead of IPO 
Meta Raises 2026 Capex Outlook Amid AI Spending Surge, Shares Drop After Earnings 
FBI Warns of China’s Expanding Hack-for-Hire Network Amid Extradition Case 
U.S. Demand for Alternative Satellite Providers Remains Strong Amid SpaceX Regulatory Push 
Air Liquide Q1 Revenue Misses Estimates Amid Currency and Energy Headwinds 
Apple Q2 2026 Earnings Surge as iPhone 17 Sales Drive Record Revenue 
Australia Targets Meta, Google, and TikTok With New News Payment Tax Proposal 
Why Paycom Was Named a 2026 Platinum Employer on the Where You Work Matters List 
Robinhood Q1 Earnings Miss Expectations, Stock Drops After Hours 
Amazon Stock Dips Despite Record Earnings as AI Infrastructure Spending Surges 
Coles Group Q3 Sales Rise Driven by Supermarkets and E-Commerce Growth 
U.S. Cybersecurity Pushes Faster Patch Deadlines Amid Rising AI-Driven Threats 
U.S. Raises Alarm Over Chinese AI Firms’ Alleged IP Theft Through Model Distillation 
T-Mobile Beats Q1 Earnings Expectations on Strong Postpaid Growth 
Apple's ambitious AI initiative, Apple Intelligence, won't offer serious capabilities until 2026 or 2027, according to analyst Edison Lee. This delay may impact iPhone sales growth, as significant AI advancements are still years away.
Apple Intelligence's 'Serious' AI Delayed Until 2026 or 2027
According to one expert, we should be even more realistic in our expectations since Apple Intelligence will not provide serious AI capabilities until either 2026 or 2027.
Since the new capabilities could only be accessed by upgrading to the iPhone 16 (iPhone 15 Pro owners excluded), rumors circulated that Apple Intelligence was pushing a supercycle of iPhone 16 purchases. But the data we have so far suggests that iPhone sales this year are about the same as last, so AI isn't exactly drawing in customers just yet.
iPhone 16 Sales Not Boosted by AI Features
In the opinion of Jefferies analyst Edison Lee, this comes as no surprise. According to The Street, he stated that it is unlikely for iPhone sales to expand by 5-10% this year.
He acknowledges that Apple has a significant edge over competing smartphone manufacturers when it comes to artificial intelligence (AI), but he predicts that it will be at least two to three years before this advantage significantly boosts demand for new iPhone models.
Apple's Edge in AI Won't Drive Sales Until 2026 or Later
“We like Apple Intelligence long term, as Apple is the only hardware-software integrated player that can leverage proprietary data to offer low-cost, personalized AI services,” Lee stated. “However, smartphone hardware needs rework before being capable of serious AI, likely by 2026/27.”
Regardless, Lee maintains that Apple will outperform Android-based rivals in the long run due to its technological and financial advantages, especially considering its collaboration with semiconductor manufacturer Taiwan Semiconductor.
iPhone 17 Air Expected to Drive Sales Before AI Tech
He does anticipate iPhone growth for Apple next year, but he says the thinner iPhone 17 Air is more to blame than Apple Intelligence, as per 9to5Mac.
“We believe AI-capable smartphone tech is likely 2-3 years away due to limitations in high-speed memory and advanced packaging tech,” he noted. “[But] Apple’s thin model (17 Air) in 2025 could attract more upgrade demand.”
