Expected Rise in Apple Shares with New AI iPhone

The iPhone manufacturer is still making money off of the AI frenzy, even though Apple stock hasn’t increased as much as Nvidia. The stock is a more stable AI bet for volatile times, according to Raymond James analyst Srini Pajjuri.

Only the iPhone 15 Pro and iPhone 16, which will be released this fall, will have Apple Intelligence AI features. According to Pajjuri’s research note from Thursday, users won’t want to miss out on the technology, which he predicts will lead to a “multi-year upgrade cycle” that will increase profits. On Thursday, Apple released its fiscal third-quarter results.

• Additionally, the analyst raised his price objective from $200 to $250. According to the revised figure, the stock might rise 15% from where it is now. His rating of Outperform remained intact.
• The stock rose 0.22% to $217.96 on Saturday.
• What may have been affecting the stock was Apple’s difficulties in China, the second-biggest economy in the world.

Apple’s Market Share Decline in China: Analysis on the iPhone and the AI Transition

According to IT market research company Canalys, the tech giant’s market share in China dropped to 14% in the second quarter. The iPhone isn’t among the top five cell phones in China for the first time. According to Canalys research analyst Lucas Zhong, Apple is lagging behind Chinese companies like Vivo, OPPO, and Huawei, which have prioritized incorporating technologies such as Generative AI into products and services. This emphasizes why Apple needs to succeed with its AI transition. Investors will closely monitor the upcoming results for further information about iPhone sales in China as well as any further hints regarding AI from CEO Tim Cook, at least until Apple provides figures on the impact of Apple Intelligence on revenue.

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