- Just 8 per cent of iPhone users have newest phone
- Share price now up 12 per cent for the year
Apple’s (US:AAPL) share price shot up after its OpenAI partnership announcement raised hopes of a new iPhone "super cycle" driven by consumers upgrading for access to new artificial intelligence (AI) features.
The company's share price has now more than recovered its early year losses and is on the brink of retaking the position of the world’s most valuable company from Microsoft (US:MSFT).