Wedbush analyst Daniel Ives predicts a 'supercycle' of upgrades with the release of the new iPhone 16.Ives believes that the Apple Intelligence features in the iPhone 16 will drive significant demand.Around 300 million iPhone users who haven't upgraded in over four years may be enticed to upgrade to the iPhone 16.Ives forecasts that Apple could see $30 to $40 per share in monetization opportunities from AI alone.