Apple Unveils AI-Powered iPhone 16 Amid Stiff Competition from Huawei

On Monday, Apple revealed its artificial intelligence-enhanced iPhone 16, marking a new era for the company's flagship device. The announcement comes as Huawei's tri-fold phone garners significant pre-orders in China. Apple aims to attract consumers with enhanced AI features despite current sales slowdowns.

Apple on Monday unveiled its iPhone 16, which features advanced artificial intelligence capabilities. This release marks a new era for the company's flagship device, according to CEO Tim Cook. Apple's move comes as Chinese competitor Huawei's innovative tri-fold phone begins to rack up orders.

The Cupertino-based tech giant is focusing on AI to boost features like Siri and object recognition through the phone's camera. 'Apple Intelligence makes Siri more natural and personal,' stated Craig Federighi, Apple's software engineering chief.

The iPhone 16 series, including the Pro and Pro Max models, promises significant upgrades. Despite the initial buzz, Apple's shares dipped slightly by 0.2%. Nonetheless, Apple remains committed to integrating AI into their products to stay competitive in the fast-evolving market.

(With inputs from agencies.)