Apple is poised to lead the consumer AI market – analyst
Apple Intelligence — the personal intelligence system for iPhone, iPad, and Mac — combines the power of generative models with personal context to deliver intelligence that’s useful and relevant to the user.
Apple will be “a dominating force in consumer AI” thanks to its unique advantages, a Wall Street analyst said in a new note to clients released on Friday.
Patriock Seitz for Investor’s Business Daily:
Oppenheimer analyst Martin Yang reiterated his outperform rating on Apple stock and raised his price target to 250 from 200.
“We believe that Apple’s introduction of Apple Intelligence will position the company as the leader in the consumer AI experience,” Yang said in a client note Friday.
The deep integration of artificial intelligence functions in the upcoming iPhone software release, iOS 18, eliminates concerns that Apple is falling behind rivals in AI, Yang said.
“We suspect that WWDC showcased only a fraction of what Apple Intelligence could do in the future,” Yang said. “We expect Apple Intelligence to produce even stronger synergies between different Apple hardware products. Better hardware synergy enables Apple to create a wider and deeper moat once a user enters the ecosystem through iPhone, Mac, iPad, or Apple TV.”
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MacDailyNews Note: On Wednesday, Rosenblatt Securities analyst Barton Crockett upgraded Apple stock to Buy from Neutral. He also significantly raised his price target to $260 from $196.
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