With Apple, Inc.’s (NASDAQ:AAPL) better-than-expected March quarter results, investor attention would now shift toward Cupertino’s AI strategy, according to a bullish analyst.
Welcome Relief: Apple’s guidance for year-over-year growth returning in the June quarter allowed bulls to breathe a sigh of relief, said Wedbush analyst Daniel Ives in a note.
The analyst expects China’s iPhone unit growth to slowly turn from a headwind to a tailwind ahead of the start of the AI-driven iPhone 16 supercycle, starting in September.
The focus over the next month will, however, be on Apple’s AI reveal at the June annual World Wide Developer Conference, said Ives. The product cycle of the year will likely include new iPads, set to be announced ...