TECH - Apple Nvidia Or Microsoft Who Will Reach $4 Trillion Valuation First? Top Analyst Lays Out Bull Thesis For Tim Cook's Company Predicts Potential 270M iPhone Upgrades | Benzinga
Apple Inc.'s (NASDAQ:AAPL) long-awaited unveiling of its AI strategy at the Worldwide Developers Conference (WWDC) 2024 has Wedbush's Dan Ives excited.
What Happened: The "AI Revolution" has finally arrived in Cupertino, according to Ives after Apple laid out its AI strategy at WWDC 2024.
The news was initially met with a delayed but positive reaction from investors, who are now beginning to grasp the potential impact of this move on the consumer market.
Ives believes Apple's AI strategy is expected to trigger a significant upgrade cycle for the company, with an estimated 270 million iPhones in the global installed base not having been upgraded for over four years.
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Additionally, the development of AI-based apps on Apple’s platform is predicted to create a new AI App Store, fundamentally changing how consumers interact with ...