Apple Anticipates Growth Despite China Challenges and AI Delays
Despite a slowdown in China sales and a late entry into the AI market, Apple is poised for a renaissance of growth, with analysts remaining bullish on its stock.
- Apple's stock has faced a downturn due to sales slowdown in China and concerns over its late AI market entry, but analysts predict a recovery.
- Wedbush analysts expect strong overall iPhone sales this year, with pent-up demand potentially driving significant upgrades.
- Services revenue remains strong, with Apple's App Store generating $7.4 billion in Q2 2024, indicating robust growth in this segment.
- Apple plans to announce its AI strategy at the Worldwide Developer Conference in June, aiming to catch up with peers in AI integration.
- Despite challenges, Apple's installed base of devices reaches a record 2.2 billion, underlining its dominance in the smartphone market.
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