Apple announced the iPhone 15 at its 'Wonderlust' event earlier in SeptemberGetty Images Apple's upcoming WWDC on June 10 represents its "most important event in a decade," according to Wedbush analyst Dan Ives. Ives expects the company to unveil a host of AI features that will help power an iPhone 16 supercycle. Ives increased his Apple price target to a street-high $275, representing potential upside of 47%. Apple will be worth more than $4 trillion next year as it benefits from a massive iPhone 16 product "supercycle" that's buoyed by artificial intelligence, according to Wedbush analyst Dan Ives.In a Thursday note, Ives increased his Apple price target to a street-high $275, representing potential upside of 47% from current levels.