Apple's New M4 iPads: 'More Powerful Than Any AI PC' Today, Set To Boost Sales
Portfolio Pulse from Piero Cingari
Apple Inc. (NASDAQ:AAPL) announced the launch of new iPad models with advanced chips and displays on May 7, 2024, expected to drive significant revenue growth. The iPad Pro now features the M4 chip and OLED displays, while the iPad Air is updated with the M2 chip. Goldman Sachs forecasts double-digit year-over-year growth in iPad revenue for F3Q24E, supported by clean channel inventory and strong demand, especially in Greater China. The new iPads, along with updated accessories like the Magic Keyboard and Apple Pencil Pro, are set to enhance Apple's product mix and pricing strategy. Goldman Sachs maintains a Buy rating on AAPL with a 12-month target price of $226.
May 08, 2024 | 1:21 pm
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Apple's launch of new iPad models with advanced technology is expected to significantly boost sales and revenue, particularly in Greater China. Goldman Sachs reiterates a Buy rating with a target price of $226, indicating a positive outlook for AAPL's stock.
The introduction of technologically advanced iPad models is expected to drive significant revenue growth for Apple, supported by strategic inventory management and strong demand in key markets like Greater China. Goldman Sachs' positive outlook and Buy rating further underscore the potential for AAPL's stock price to rise.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100