Apple is about to get a new secret weapon that could lead to some juicy returns for investors: AI-focused phones. Bank of America analysts call them “IntelliPhones,” and in a Wednesday note, they argued that these high-powered devices will be an entirely new breed compared to the current raft of smartphones.
Senior equity research analyst Wamsi Mohan and his team described a future where phones will need far more computing power in order to handle the daily use of “AI agents” that will help with everything from booking travel and real-time translation to scheduling and tutoring. For Apple and its installed base of over 2.2 billion active smartphones, that means a massive opportunity to sell customers on the latest and greatest AI tech.
