"22% of teens plan to upgrade to an iPhone 16 this Fall/Winter, which is slightly below the Fall 2023 survey (23% upgrade intention) and Fall 2022 survey (24% upgrade intention)." — Analyst Matt Farrell

Read More U.S. teens: 87% own an iPhone, 70% own AirPods

"The data should calm concerns on the September quarter, though does little to change our more cautious view on the 'super cycle,' as upgrade rates are likely to continue to decline." — Analyst Brandon Nispel

Read More Despite 'calming' iPhone 16 data, KeyBanc sees no supercycle ahead