Apple's iPhone 16 faces challenge from Huawei's $2,800 tri-fold phone [Yahoo! Finance]
Apple Inc. (AAPL)
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Source: Yahoo! Finance
phone from Huawei raised the stakes in a battle to dominate the global smartphone market. Apple's shares fell 1.7% on Tuesday, a day after the U.S. tech giant unveiled its new iPhones that sport hardware-level integration for applications based on artificial intelligence but with limited changes to the external design. The phones will use AI features - dubbed Apple Intelligence - to improve the company's voice assistant Siri as well as enhance the camera. Those features will arrive on U.S. iPhones in beta next month, potentially keeping people from upgrading to iPhone 16s soon. "With lots of words like "later this year" and "early next year", the core Apple message for iPhone 16 was: Next year will be better," Needham analyst Laura Martin said in a note. Apple did not say when it would move beyond the test phase, nor did it announce a partner in China to help power its AI ambitions. The lack of AI features in the new iPhones drew scorn in China, where the government has ma
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