Reuters, Apple's iPhone 16 faces challenge from Huawei's $2,800 tri-fold phone > News Clips

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Apple's iPhone 16 faces challenge from Huawei's $2,800 tri-fold phone

(Reuters) -Apple's new iPhone 16 failed to excite investors with long-expected AI features still in test mode even as an industry-first tri-fold 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.

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https://www.yahoo.com/news/finance/news/apples-ai-gap-iphones-disappoints-051214788.html

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