'iPhone Is Going To Be Just Fine:' Munster Sees No Hit To Apple's Flagship Product Amid Rumors Of Design Exec Joining Altman And Ive's AI Project
Portfolio Pulse from Shanthi Rexaline
Gene Munster, an analyst from Deepwater Asset Management, believes that Apple Inc.'s iPhone will not be affected by rumors of the iPhone’s design executive, Tang Tan, joining a project with OpenAI CEO Sam Altman and former Apple design head Jony Ive. The project is speculated to be an AI hardware device unrelated to phones. Despite Ive's departure from Apple and his history with phone development, Munster sees no immediate or medium-term impact on the iPhone, which he expects to perform well for the next five plus years.
December 27, 2023 | 7:56 am
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NEUTRAL IMPACT
Apple Inc.'s iPhone is expected to remain strong despite rumors of design executive Tang Tan's involvement in an AI project with former Apple employees. Analyst Gene Munster sees no immediate or medium-term impact on the iPhone.
The news discusses a potential collaboration involving former Apple employees, but an analyst has downplayed any impact on Apple's flagship product, the iPhone. Given the analyst's view and the speculative nature of the project's relation to Apple, the short-term impact on AAPL stock is likely neutral.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80