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.

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	Forwarded this email? Subscribe here for more Apple poised for AI-driven growth as iPhone 16 kicks off ‘key’ holiday season – Wedbush MacDailyNews Nov 29   READ IN APP   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: ‎ “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. ‎ MacDailyNews Take: Wedbush maintains an “Outperform” (Buy) rating and a $300 price target on Apple stock. We are currently about 1/4th of the way to being sustainable with Substack subscriptions. Please tell your Apple-loving friends about MacDailyNews on Substack and, if you’re currently a free subscriber, please consider $5/mo. or $50/year to keep MacDailyNews going. Just hit the subscribe button. Thank you! Upgrade to paid You're currently a free subscriber to MacDailyNews. For the full experience, upgrade your subscription. Upgrade to paid   Like Comment Restack   © 2024 MacDailyNews 548 Market Street PMB 72296, San Francisco, CA 94104 Unsubscribe