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What Wall Street is saying about iPhone 7 and Apple's other big launches

Akin OyedeleSep 8, 2016, 18:31 IST

Apple CEO Tim Cook shows an iPhone 7 to performer Maddie Ziegler during an event to announce new products, Wednesday, Sept. 7, 2016, in San Francisco.Marcio Jose Sanchez/AP

Apple didn't give Wall Street analysts many surprises at its iPhone 7 and 7 Plus launch on Wednesday.

The phones' features, particularly the removal of the traditional earphone jack in place of wireless AirPods, had been leaked and widely covered before the unveiling.

Apple also launched the Apple Watch Series 2, which includes built-in GPS and faster processors.

Still, several analysts who cover the company had various reasons for why there could be strong demand for upgrades, and users won't wait for the iPhone 8 next year that's expected to get a design overhaul.

Here's some of the commentary: