Wedbush, an investment firm, anticipates a significant upgrade cycle for the upcoming iPhone 16 series, signaling a potential end to Apple's struggles in China. The firm's optimism stems from positive supply chain checks in Asia, indicating strong demand for the iPhone 16 and a promising growth trajectory for Apple. Additionally, Wedbush highlights Apple's position as a leader in AI integration, with its Apple Intelligence platform and vast user base poised to drive growth and revenue. The firm estimates that Apple's AI initiatives could add $10 billion in annual revenue and boost the company's share price by $30-$40. Notably, Apple is exploring collaborations with Google while dismissing opportunities with Meta's AI software. Overall, Wedbush's bullish stance on Apple's future underscores the tech giant's potential for continued success and innovation.