Justin Sullivan Investment Thesis Going into the event last week, the market had high expectations around the new iPhone 16 given this is one of the first AI-enabled devices that Apple Inc. (NASDAQ:AAPL) has ever launched. I think the stock's rally in the months leading up to the launch showed that investors are betting on a wave of upgrades this cycle, particularly given that a portion of the current installed base has not been upgraded in four years. Some analysts are bullish, projecting a "supercycle" th ...