Businesses of all sizes will soon hold transformational computing power in their hands if analysts at Bank of America are correct. The next game-changing technology, the IntelliPhone, is set to harness artificial intelligence (AI) for a range of applications, surpassing current smartphones.
Bank of America Securities analyst Wamsi Mohan predicts that IntelliPhones will incorporate far faster, broader, and deeper computing and AI features. This “once in a decade upgrade event” will be even more dramatic than the introduction of smartphones.
Apple is expected to lead in bringing IntelliPhones to market, given its strong position in the smartphone sector. Mohan anticipates that Apple will capture most of the growth, with current smartphone users increasing to an estimated 4 billion IntelliPhone customers. He has set a $230 target price on Apple’s shares, far above the current $191. The report did not specify when these devices might hit the market.
Forecasts suggest IntelliPhones will transform the user experience with app-replacing “AI agents” performing instant translations, object recognition, health monitoring, and more. Businesses will benefit from these advanced capabilities, offering new opportunities for small companies and tech developers to adapt or create new AI agents.
“As AI technology evolves, the gap between IntelliPhones and traditional smartphones will widen, driving the desire to upgrade,” Mohan’s team reported. Expected improvements include AI-orchestrated content creation, advanced voice recognition, and predictive capabilities for personal assistants.
Apple is already preparing for this shift, with potential AI innovations likely to be revealed at the Worldwide Developers Conference in June. CEO Tim Cook emphasized AI’s importance for Apple’s future, highlighting the company’s advantages in hardware, software, and services integration.
Apple will face competition from Samsung, Google Pixel, and others in the race to develop AI-powered successors to smartphones. IntelliPhones could dominate edge AI due to their portability, features, and cost, potentially changing how businesses operate their computing needs. Just wait until you pull an IntelliPhone from your pocket and transform the way you work and live.