Last month, Deepwater Asset Management’s Gene Munster said in an interview on CNBC that the impact of Apple Intelligence on Apple’s earnings won’t be seen until the next “few quarters,” pointing to long-term upside for Apple stock.

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	Forwarded this email? Subscribe here for more Gene Munster sees long-term upside for Apple stock MacDailyNews Dec 2   READ IN APP   Last month, Deepwater Asset Management’s Gene Munster said in an interview on CNBC that the impact of Apple Intelligence on Apple’s earnings won’t be seen until the next “few quarters,” pointing to long-term upside for Apple stock. Insider Monkey: ‎ He has revised his targets for growth but believes the stock has upside in the long term. “I own it personally and think there’s still some upside. I’m always looking ahead, and I believe the numbers still have room to grow. However, one piece has changed. If you had asked me two weeks ago, I would’ve said the Street expected iPhone growth around 15% for fiscal 2025. I’ve revised that — I now think it’s closer to 10%. The Street is at 5%, so I still see upside, but not as much. I’m also shifting some of that revenue into 2026, so this represents a slight change in my perspective.” ‎ MacDailyNews Take: Apple Intelligence is a multi-year supercycle, not an immediate one. As we wrote back in July: Get ready for the looming multi-year: 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