Bank of America: AI mobile phones ignite users' enthusiasm for upgrades, and Apple's iPhone will usher in a multi-year upgrade cycle

According to news on June 1, Fortune published a blog post on May 29, stating that Apple will usher in a multi-year device upgrade cycle in the AI ​​​​wave, igniting consumers’ enthusiasm for upgrades, and the situation when the iPhone was first released in June 2007. similar.

The blog post quoted Wamsi Mohan, senior equity analyst at Bank of America, as saying that mobile phones with AI functions are called IntelliPhones, which will be essentially different from the current SmartPhone. Mohan believes that IntelliPhones can have real-time language translation, automatically arrange appointments and travel, and can also help users with homework, etc. It is no longer just a mobile phone connected to various services, but a caring butler for users. Translated part of Mohan’s letter to Bank of America customers is as follows:

We believe that the launch of IntelliPhones, similar to the upgrade from feature phones to smartphones, will become a once-in-a-decade upgrade event in the mobile phone industry , this step-like functionality improvement will lead to a multi-year upgrade cycle.

Apple has more than 2.2 billion active iPhone users worldwide. With Apple’s appeal and influence, many of them may be persuaded to upgrade after entering the InteliPhones market. Mohan believes Apple will benefit from the iPhone's multi-year upgrade cycle as the InteliPhone era dawns. Analysts at Bank of America said IntelliPhones will bring new AR and VR capabilities to the phones, as well as health-related features, which will make these phones a "must-have" in the eyes of the public. Analysts wrote:

With the development of artificial intelligence technology, the gap between IntelliPhones and traditional smartphones may further widen as it can provide more complex and personalized functions, thus Promote people's desire to upgrade. Given their portability, functionality and cost, IntelliPhones will dominate the artificial intelligence space for PCs.

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