Recently, Apple unveiled its latest phone, the iPhone 16. While it will provide users with a phone that is ready for artificial intelligence (AI) features, it may not be all that exciting. But looks can be deceiving, and early accounts are that the new iPhone is doing just fine. Here's why it could be a big growth catalyst for the business.

There's a cost-effective iPhone Pro if you want to prepare for Apple Intelligence, but Apple will not sell it to you.

Out with the old, in with the new - Apple's new iPhone 16 is here, which means that a handful of older Apple products are set to be discontinued.

Apple gets about half of its revenue directly from iPhone sales. But the product is indirectly responsible for far more than that, according to one analyst.