Apple claims its newest line of phones will let you play everything from Apple Arcade indies to AAA titles. It does, but don't expect a console-level experience.

I spent a month using Apple's newest Pro iPhones, and I am even more sold on them -- even if they don't have Apple Intelligence out of the box.

Apple is warning investors that its new and future. The disclosure comes as the company is pursuing newer technologies like artificial intelligence and mixed reality headsets. Apple added the warning in its latest annual report under the “business risks” section,