Apple Stock Hits Record High as Analysts Predict AI-Driven Growth in 2025
Analysts project a major iPhone upgrade cycle and $4 trillion market cap fueled by Apple's AI strategy.
- Apple shares reached an all-time intraday high of $260 on Thursday, closing at $259.02, with a market cap nearing $4 trillion.
- Wedbush analyst Dan Ives raised Apple's price target to $325, citing a 'golden era of growth' driven by AI integration across its product ecosystem.
- The anticipated AI-driven iPhone upgrade cycle could lead to record-breaking sales of over 240 million units in fiscal year 2025, analysts predict.
- Apple's AI strategy includes features like Apple Intelligence, which enhances device functionality and expands its services revenue potential.
- Despite optimism, challenges such as macroeconomic headwinds, regulatory barriers, and consumer adoption rates remain factors to watch.