---
title: "Apple Avoided the AI CapEx Trap — It Could Create the Biggest iPhone Upgrade Cycle Ever"
date: 2026-07-14
source: http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=6a56c825749f482ba5466cdf4e16739f&url=https%3a%2f%2fwww.aol.com%2farticles%2fapple-avoided-ai-capex-trap-161257000.html&c=12437059126002238997&mkt=en-us
description: "For the past two years, investors have measured the artificial intelligence race by one metric above all others: spending. Microsoft (NASDAQ:MSFT), Meta Platforms (NASDAQ:META), Alphabet (NASDAQ:GOOG) ..."
---

# Apple Avoided the AI CapEx Trap — It Could Create the Biggest iPhone Upgrade Cycle Ever

For the past two years, investors have measured the artificial intelligence race by one metric above all others: spending. Microsoft (NASDAQ:MSFT), Meta Platforms (NASDAQ:META), Alphabet (NASDAQ:GOOG) ...

*Published: 2026-07-14*