Wedbush Raises Apple Price Target to $400 on $15 Billion AI Opportunity
Apple stock rises after analyst lifts target to $400, seeing big AI growth potential and $15B new revenue from services.
Apple stock rises after analyst lifts target to $400, seeing big AI growth potential and $15B new revenue from services.
Apple is exploring making chips in the US with Intel and Samsung to reduce risks and avoid shortages, but plans are still early.
Apple beat forecasts with $111B sales, strong iPhone demand, rising services and Macs, AI spending up, outlook strong, stock rose.
Analysts expect Apple’s new CEO to focus on AI, new devices, steady execution, and keeping Apple’s strong innovation culture.
Apple and Huawei grew in China’s weak phone market; others fell due to high costs and price hikes, especially Xiaomi.
Amazon to acquire Globalstar and partner with Apple to power next-generation direct-to-device satellite connectivity for iPhone, Apple Watch, and cellular phones worldwide via Amazon Leo.