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Source: Apple aims to ship 90M+ iPhone 16 series devices in 2024, after shipping about 81M iPhone 15s in H2 2023, as it counts on AI services to boost demand

Bloomberg

Context & Ripple Effects

Apple has repeatedly planned new-iPhone production around the 90 million-unit level, including a 90 million-unit build plan for a prior generation and an 85 million-unit iPhone 15 production request. The new target signals a return to that higher planning benchmark after about 81 million iPhone 15 shipments in the second half of 2023.

What distinguishes this cycle is the stated demand rationale: Apple is tying its volume expectations to AI services, turning the iPhone launch into a test of whether AI can motivate a replacement cycle rather than remain only a service feature.

First-order effects

  • Apple sets a more ambitious iPhone 16 volume objective, placing execution pressure on its device launch and AI-service rollout.
  • Assembly and component partners must plan for production above the recent iPhone 15 shipment level, while Apple accepts more inventory exposure if demand does not materialize.

Second-order effects

  • The result will make AI-led upgrade demand a more immediate commercial metric for Apple: stronger uptake would validate the production plan, while weaker uptake would leave the channel carrying the adjustment.
  • A high-volume launch gives Apple a larger base over which to distribute AI services, reinforcing the value of its existing device reach rather than treating AI as a standalone product.

Third-order effects

  • If AI consistently changes handset upgrade behavior, smartphone competition could shift further toward who can distribute useful AI services through an installed hardware base, not just who introduces new device specifications.
  • The pattern would extend Apple's earlier production planning for iPhone 15 into an AI-demand cycle; whether it does so depends on consumer adoption, not production targets alone.

The trend: Consumer AI is moving from a cloud and infrastructure story toward a distribution test in which large device ecosystems try to convert AI services into hardware replacement demand.

Discussion

  • @vadimyuryev Vadim Yuryev on x
    I completely agree. Just wait until Apple's AI-generated emojis go viral on TikTok. [image]
  • r/wallstreetbets r on reddit
    Apple Aims to Ship 10% More New iPhones This Year After Bumpy 2023