Apple (AAPL) unveiled a range of new products at its iPhone 16 launch event on Monday, but investors remain cautious about whether these offerings will drive a significant upgrade cycle. CNET Editor at Large Bridget Carey joins Wealth! to discuss her outlook.

Carey notes that iPhones are lasting longer, leading consumers to question the necessity of upgrades. While the new models boast improved battery life and camera capabilities, the much-anticipated Apple Intelligence features won't be immediately available when the iPhone 16 models are released on Friday, September 20.

Interestingly, Carey suggests that this year's Apple event spotlight was on the Apple Watch Series 10 and AirPods updates rather than the iPhone. She highlights that the new health features introduced on the Apple Watch Series 10 might actually drive more upgrades than the iPhone 16.

For more expert insight and the latest market action, click here to watch this full episode of Wealth!

This post was written by Angel Smith