Apple poised for AI-driven growth as iPhone 16 kicks off ‘key’ holiday season – Wedbush

iPhone 16 Pro and iPhone 16 Pro Max feature a 48MP Fusion camera, a 48MP Ultra Wide camera, and the 5x Telephoto camera, now available on both models.

Wedbush analysts believe Apple’s upcoming holiday season will be a “key” period for the company, with the iPhone 16 marking the beginning of its AI-driven growth era. The strong performance of the iPhone 16 is expected to fuel a “renaissance of growth” for Apple over the next 18 months.

MT Newswires:
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“The release of 18.2 will be a significant software update for Apple Intelligence which will bring a suite of AI features including ChatGPT integration,” the analysts said.

Apple’s unmatched installed base of over 2 billion iOS devices, a $2 trillion services business, and a growing AI ecosystem positions the company for future growth, the analysts added.

Wedbush said it expects Apple to sell over 240 million iPhones in fiscal 2025, “setting the stage for a supercycle” driven by AI.

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MacDailyNews Take: Wedbush maintains an “Outperform” (Buy) rating and a $300 price target on Apple stock.

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