Apple's 'Super Bowl Moment?' Analyst Sees $5B Annual Run-rate From This Opportunity That Will Likely Lead To Growth 'Renaissance'
Portfolio Pulse from Shanthi Rexaline
Wedbush analyst Daniel Ives maintains an 'Outperform' rating on Apple (AAPL) with a $250 price target, citing new supply chain checks indicating demand stabilization in China and expected iPhone sales growth. Ives highlights the potential of Apple's AI technology and a new AI App Store, predicting over $5 billion in annual incremental revenue from AI services. He also forecasts Vision Pro sales to reach 1 million units by 2025.
February 11, 2024 | 9:38 pm
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Wedbush analyst Daniel Ives is optimistic about Apple's future, predicting significant growth from AI technology and a new AI App Store, alongside stable demand in China and increased iPhone sales.
The positive outlook from Wedbush analyst Daniel Ives, based on supply chain checks and the potential of AI technology, suggests a strong growth trajectory for Apple. The expected increase in iPhone sales and the introduction of an AI App Store could significantly boost Apple's revenue, making this news highly relevant and important for investors.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100