Ives predicts that the AI App Store could be a game-changer for Apple, offering lucrative opportunities for developers and significantly boosting Apple's Services unit. He also draws attention to the Apple Vision Pro, which he believes could be a key player in the broader AI revolution. Ives forecasts that Apple could hit a $4 trillion market cap within a year, reflecting confidence in the company's strategic moves and its role in the AI-driven future.
Key takeaways:
- Apple's supply chain checks reveal a promising outlook, signalling a potential product renaissance for the company in 2024, with a focus on AI advancements.
- Apple is expected to create an AI App Store, which could significantly boost the company's Services unit and offer lucrative opportunities in the evolving AI landscape.
- Apple Vision Pro is seen as a major part of the broader AI revolution, with initial sales forecasts revised from 300,000 to 600,000 units for the year.
- Wedbush Securities’ Dan Ives forecasts Apple hitting a $4 trillion market cap within a year, reflecting confidence in the company's strategic moves and its pivotal role in the AI-driven future.