Gene Munster On WWDC 2024 — AI Features 'Enough' To Move Growth Higher Than Expected: 'Today Was The Biggest Day For Apple Since iPhone Announcement'
Portfolio Pulse from Ananya Gairola
Gene Munster from Deepwater Asset Management believes Apple's new AI features announced at WWDC 2024 will drive growth beyond current estimates. The features, requiring newer hardware, could lead to a significant upgrade cycle. Despite the announcement, Apple shares closed lower, continuing a historical trend of underperformance during WWDC events.
June 11, 2024 | 1:45 am
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Gene Munster believes Apple's new AI features will drive growth beyond current estimates by encouraging hardware upgrades. Despite this, Apple shares closed lower following the WWDC 2024 announcement, continuing a historical trend.
Munster's positive outlook on Apple's AI features suggests potential for higher growth through increased hardware upgrades. However, the immediate market reaction was negative, with shares closing lower, which aligns with historical trends of underperformance during WWDC events.
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