Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action news and analysis.

Good afternoon, today is Monday, September 9th, and I'm your host Kim Kahn.

Our top story is so far.

Apple tried to satisfy the insatiable hunger of all things artificial intelligence

at its glow-time event as it unveiled new iPhones, Apple watches, and airpods.

CEO Tim Cook said the new iPhone 16 is designed for AI from the ground up and

marks the beginning of an exciting new era. The iPhone 16 has a 6.7 inch screen size,

while the iPhone 16 plus has a 6.7 inch screen size. It also comes in new colors, including

ultramarine, teal, and pink to go along with white and black.

It has a new camera control feature giving users more access to the camera and its features

including visual intelligence. It also sports the 3 nanometer A18 ship, which is up to twice as fast for

machine learning and has 17% more system memory bandwidth. The A18 has a six-core

CPU and is up to 30% faster than the

CPU in an iPhone 15 and 50% faster than the iPhone 14

while using 30% less power than the A16 Bionic.

It also has a 5-core

GPU that is 40% faster than the iPhone 15 and 50% faster than the

iPhone 14. The iPhone 16 will also support AAA

video games that were only available on iPhone 15 pro, including 10 cents on

of King's world thanks to the A18 chip.

The company confirmed that Apple Intelligence, its AI platform, will launch in English as a beta in October with iOS 18.1.

Some examples of Apple Intelligence include letting users create a new emoji by typing a

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