Apple Analyst Signals 'Slower Start To The AI Cycle' As iPhone 16 Demand Softens
Portfolio Pulse from Surbhi Jain
JPMorgan analyst Samik Chatterjee notes a slower start for Apple's iPhone 16 due to lack of AI features, leading to a reduced sales forecast. Despite this, medium to long-term prospects remain bullish with expectations of a robust AI upgrade cycle.
October 02, 2024 | 10:00 pm
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JPMorgan analyst Samik Chatterjee reports a slower start for Apple's iPhone 16 due to lack of AI features, leading to a reduced sales forecast. However, medium to long-term prospects remain bullish with expectations of a robust AI upgrade cycle.
The news highlights a slower start for the iPhone 16 due to missing AI features, leading to a reduced sales forecast. This is likely to negatively impact Apple's stock in the short term. However, the medium to long-term outlook remains positive due to expected AI upgrades.
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