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Apple Set To Become a "$4 Trillion Company" Within a Year

Feb 13, 2024 - techatphone.in
The article discusses the potential for Apple to reach a $4 trillion market cap, driven by a "product renaissance" and advancements in artificial intelligence (AI). Analyst Dan Ives from Wedbush Securities suggests that recent supply chain checks indicate a promising outlook for Apple, defying the usual expectations for order cuts at this time of year. Ives also highlights the significance of stabilized iPhone demand in China and the emergence of on-device AI, which could lead to the creation of an AI App Store.

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.
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