If AI tools on phones can really set them apart from current devices, consumers have a new reason to buy a fresh handset.
Advertisement"We see the introduction of AI smartphones (IntelliPhones) as a once in a decade upgrade event," Mohan wrote.
At Google's I/O conference earlier this month, the internet giant showed off several new AI capabilities for Pixel, Samsung, and other Android phones.
AdvertisementMohan at BofA describes a wide range of new capabilities that could set IntelliPhones apart from smartphones and fire up the mother of all upgrade cycles.
"We view the upcoming AI enabled phones (IntelliPhones) to drive a multi-year upgrade cycle similar to the step function improvement driven by the introduction of smartphones," he wrote, calling this a "once in a decade type of event."
Persons:
—, Apple, Wamsi Mohan, Mohan, Sameer Samat, Siri
Organizations:
Service, Bank of America Securities, Business, iPhones, Wall Street, Pixel, Samsung, Google, Apple
Locations:
Google's, BofA