TECH - Gene Munster On WWDC 2024 — AI Features 'Enough' To Move Growth Higher Than Expected: 'Today Was The Biggest Day For Apple Since iPhone Announcement' | Benzinga
On Monday, Gene Munster, managing partner at Deepwater Asset Management, expressed his confidence in the potential of Apple Inc.’s (NASDAQ:AAPL) new AI features, unveiled at WWDC 2024, to drive growth beyond current estimates.
What Happened: Munster shared “pressure points” after the event on social media platforms like X, formerly Twitter, and YouTube. He suggested that the new AI features could encourage Apple’s user base to upgrade their hardware more frequently, thereby allowing the tech giant to exceed estimates over the next few years.
He pointed out that the new AI features would require users to have an iPhone 15 Pro or later, or an M1 chip or later for Mac and iPad. This requirement effectively means that 85% of current devices will not be able to run these experiences, raising the question of whether the features will be enough to excite users to upgrade.
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Although the features are not new to those following the tech industry closely, ...