Wedbush's Dan Ives Says WWDC 2024 Is 'Most Important Event For Apple In Over A Decade': What To Expect
Portfolio Pulse from Erica Kollmann
Wedbush analyst Dan Ives considers the upcoming WWDC 2024 as a pivotal event for Apple, Inc. (NASDAQ:AAPL), expecting significant AI-related announcements, including a partnership with OpenAI and the introduction of an AI App Store. These developments are anticipated to drive Apple's next growth cycle, particularly in its Services segment. Ives also predicts the iPhone 16 will feature new AI capabilities, potentially leading to a major upgrade cycle.
June 04, 2024 | 8:52 pm
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Wedbush analyst Dan Ives views WWDC 2024 as a critical event for Apple, predicting major AI-related announcements, including a partnership with OpenAI and the launch of an AI App Store. These developments are expected to drive growth in Apple's Services segment and spark a significant upgrade cycle with the iPhone 16.
The announcement of AI initiatives and a partnership with OpenAI at WWDC 2024 is expected to significantly boost Apple's Services segment, which is a key driver of the company's valuation. Additionally, the anticipated AI features in the iPhone 16 could lead to a major upgrade cycle, further driving revenue growth.
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