Apple Intelligence Will Play 'Starring Role' In iPhone 16 Launch, Says Analyst: No Price Hike Expected, But Accelerating Replacement Cycle 'Key Factor' For The Stock
Portfolio Pulse from Shanthi Rexaline
Apple's upcoming iPhone 16 launch event, 'Glowtime', is expected to feature significant upgrades, including Apple Intelligence, without a price hike. Analyst Erik Woodring from Morgan Stanley suggests the iPhone replacement cycle will accelerate, potentially boosting Apple's stock performance. The iPhone 16 is anticipated to make up 68% of Apple's fiscal year 2025 shipments, with a 5% increase in average selling price. Morgan Stanley maintains an Overweight rating with a $273 price target for Apple.
August 30, 2024 | 7:57 am
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Apple's iPhone 16 launch is expected to feature significant upgrades, including Apple Intelligence, without a price hike. Analyst Erik Woodring suggests the iPhone replacement cycle will accelerate, potentially boosting Apple's stock performance. The iPhone 16 is anticipated to make up 68% of Apple's fiscal year 2025 shipments, with a 5% increase in average selling price. Morgan Stanley maintains an Overweight rating with a $273 price target for Apple.
The iPhone 16 launch is a major event for Apple, with significant product upgrades and the introduction of Apple Intelligence. The expected acceleration in the iPhone replacement cycle is a key factor for potential stock performance improvement. The lack of a price hike and the anticipated increase in average selling price further support a positive outlook. Morgan Stanley's Overweight rating and $273 price target indicate confidence in Apple's future performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100