Tesla Inc. investor Ross Gerber anticipates a fresh upgrade cycle for Apple Inc. (NASDAQ:AAPL) following the highly-anticipated launch of Cupertino's AI solutions for iPhones, with more details expected to be revealed at the Worldwide Developers Conference (WWDC) in June.
What Happened: Despite CEO Tim Cook keeping his cards close to the chest in a post-earnings call on Thursday, Gerber believes "iPhone AI" has the potential to rejuvenate Apple.
In a post on Thursday, Gerber expressed his belief that the upcoming AI feature in Apple’s new iPhone will stimulate a new wave of upgrades.
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