Financial Associated Press, May 27th (editor Huang Junzhi) Dan Ives, a well-known strategist at Wedbush, the US investment bank, said a few days agoHighestpayingcryptogamesThanks to the artificial intelligence-driven "supercycle" of iPhone 16 products, Apple will have a market capitalization of more than $4 trillion next year.
He had previously raised Apple's share price target to an all-time high of $275, giving it nearly 45 per cent potential upside from its current level. In fact, apple's share price has climbed about 10% in the past month.
Focus on WWDC
According to Ives, Apple's upcoming Global developers Conference (WWDC) on June 10 is "the most important event in a decade" and the company is preparing to launch a range of artificial intelligence products.
"in our view, bringing artificial intelligence into its vital developer community and laying the foundation for bringing generative artificial intelligence to consumers starts with Apple." He added that he also expected Apple to announce a partnership with OpenAI.
It is understood that WWDC will be unveiled on June 10 local time, and operating systems such as iPadOS 18, iOS 18 and macOS 15, watchOS 11 will be launched, of which iOS 18 is the most popular, because according to previous revelations, iOS 18 will integrate generative AI functions.
"We also believe that Apple will lay the foundation for the artificial intelligence app store, as developers will develop consumer applications on the artificial intelligence stack introduced at Apple's global developer conference," Ives said. and will bring additional service growth in the coming years. "
IPhone 16 is the trump card
Ives says all of these features are likely to be integrated into iPhone 16, which will be released in September, which could trigger a "growth renaissance" as more and more people upgrade their iPhone. He predicts that the upgrade cycle of iPhone may exceed 2.Highestpayingcryptogames70 million.
He was also encouraged by a survey conducted by Ives's team last week that apple's sales in April were about 2% higher than the market expected.
This reinforces our deep-rooted view that for Apple's iPhone production, we will see the much-anticipated iPhone 16 upgrade cycle begin in September. We believe that the current Wall Street data is a bit conservative for fiscal year 25, which is a good start to the upcoming iPhone cycle. "
In fact, Ives is not the only one who is bullish on Apple. Steve Eisman (Steve Eisman), the prototype of the movie "Big short", has also recently called attention to Apple, another winner of artificial intelligence (AI).
He believes that in the long run, Apple will become the key center of artificial intelligence leading software, bringing huge growth space for its products.
"I know very well that when all these apps appear, I need a new phone, a new iPad and a new laptop. So when these apps appear, the biggest beneficiary is likely to be Apple. " He said.
