In the pundit's view, the technology will inspire swarms of users to snap up the company's new smartphone line.

Apple’s annual product launch Monday failed to immediately capture the hearts of investors, as shares of the world’s biggest company slumped during the event largely focusing on previously rolled-out artificial intelligence features coming to iPhones.

Apple’s iPhone 16 is facing a challenging start, with pre-order numbers anticipated to be lower than expected.

Clearly, investors are betting that Apple's new AI iPhone will reinvigorate sales and lead to earnings growth. If you believe in this thesis, now could be a time to buy the stock. Because if sales keep stagnating, the stock will not do well starting at a P/E of 34. Perhaps this is why Warren Buffett is unloading his Apple position right now.

Analysts are largely bullish Apple could benefit from an AI-driven upgrade cycle after the iPhone 16 was unveiled Monday, but some warned a slow rollout of AI features could hold back sales in the near term.

Apple stock was down nearly 3% shortly after noon, with analyst Ming-Chi Kuo warning of lighter iPhone demand compared to last year's release.

Europe has seen steady sales of the iPhone over the last three years; 56.1 million units in 2021, 56 million in 2022 and 56.8 million in 2023. That’s between half and two-thirds

The new iPhone 16 lineup will get its first batch of generative AI features next month through a software update. It appears that the company will be gradually introducing AI tools from its Apple Intelligence suite of generative AI features as it looks to make a dent in an emerging smartphone niche that's expected to take off big-time in the long run.