Overview
- Wedbush kept its Outperform rating and argues 2026 will mark Apple’s meaningful entry into the AI era.
- iPhone 17 demand is running ahead of Wall Street expectations into the December quarter, with China cited as a standout market.
- The firm expects Apple to announce a Google Gemini partnership in early 2026, calling it a potential game changer, though no agreement has been formally announced.
- Apple confirmed John Giannandrea will step down, with Amar Subramanya—joining from Microsoft after 16 years at Google and work on Gemini—taking over AI strategy.
- Wedbush sees $75–$100 per-share AI upside with no AI premium yet reflected, and points to a mid-2026 Siri overhaul plus more outside hires under Tim Cook through 2027.