Apple

Apple is poised for significant market growth, with Wedbush analysts projecting a $4 trillion market capitalization driven by the upcoming AI-enhanced iPhone 16.&nbsp;The new iPhone is expected to start the new upgrade cycle, which will fulfill the demands that have been accumulated all over the world.
Also Read: <a href="https://www.cryptopolitan.com/#:~:text=LATEST%20NEWS-,Anthropic%20CEO%20says%20cost%20to%20train%20AI%20could%20rise%20to%20%24100B%20in%20the%20next%20three%20years,-18%20mins%20ago" rel="noopener noreferrer nofollow">Anthropic CEO says cost to train AI could rise to $100B in the next three years</a>
Wedbush analysts highlight the possibility of a “golden upgrade cycle” with Apple’s inclusion of artificial intelligence as a key turning point in the consumer electronics industry.&nbsp;
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “The Street is now starting to slowly recognize that with Apple Intelligence on the doorstep in essence Cupertino will be the gatekeepers of the consumer AI Revolution.” <cite>Wedbush analysts</cite>
</blockquote>
<h2 class="wp-block-heading" id="apple-taps-into-massive-ios-user-base-for-growth">Apple taps into massive iOS user base for growth</h2>
Currently, there are more than 2.2 billion iOS devices and 1.5 billion iPhones in use worldwide, and the new AI-powered iPhone 16 is expected to kick start the “consumer AI tidal wave” by mid-September.&nbsp; The upgrade cycle is very important because it has been estimated that 270 million iPhone users have not upgraded their devices in more than four years.&nbsp;
The stabilization of iPhone supplies in Asia is definitely a bullish sign for Apple’s upcoming upgrade cycle. Although the Chinese market has faced certain problems, such as competition, there are indications of growing shipments. Analysts at Wedbush believe this contraction’s last quarter will be in June before the next quarter, which should align with the release of the iPhone 16.&nbsp;
Also Read: <a href="https://www.cryptopolitan.com/youtube-remove-copyrighted-music-from-videos/" rel="noopener noreferrer nofollow">YouTube unveils AI tool to remove copyrighted music from videos</a>
The anticipated release of iOS 18, with the support of Apple Intelligence and the partnership with OpenAI, is expected to increase the value of the shares. Wedbush analysts have predicted that this will open up numerous monetization opportunities that will support Apple’s revenue growth.&nbsp;
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “AI technology being introduced into the Apple ecosystem will bring monetization opportunities on both the services as well as iPhone/hardware front and adds $30 to $40 per share.” <cite>Wedbush analysts&nbsp;</cite>
</blockquote>
<h2 class="wp-block-heading" id="apple-takes-a-cautious-approach-to-ai-implementation">Apple takes a cautious approach to AI implementation</h2>
Apple is also much more cautious in the introduction of new AI services than other tech giants such as Microsoft, Google, Meta, and OpenAI.&nbsp; Apple has taken measures to make sure that its AI services are as transparent as possible while also protecting the privacy of the user. The company’s executives stated that they do not wish to replicate the mistakes of their competitors, for instance, data mining and using it to train algorithms without the user’s permission.&nbsp;
Also Read: <a href="https://www.cryptopolitan.com/ai/#:~:text=Oklahoma%2C%20Alabama%20now%20has%20vending%20machines%20for%20bullets%20in%20grocery%20stores" rel="noopener noreferrer nofollow">Oklahoma, Alabama now has vending machines for bullets in grocery stores</a>
Even though the potential was highlighted by Wedbush analysts, Apple shares remained nearly flat in the early Monday trading session. However, the stocks have registered a 17% gain since the start of this year.&nbsp;&nbsp;
Cryptopolitan Reporting by Brenda Kanana

Analysts predict Apple could hit $4 trillion market cap with iPhone 16 launch

Table of Contents

Cryptopolitan_News

Další články publikované 8. 7. 2024

What’s New in DePin? Nuklai Teams Up with Filecoin, Bittensor Explains the Hack, Silencio Celebra...

XRP Skyrockets 80% in Volume as Price Turns Green

Toncoin Bounces Back: Can the Uptrend Last?

Robinhood Moves Forward With Acquisition of Bitstamp

PEPE Price Rising by 9% Causes Largest Liquidation in History

HIVE Digital Reports 119 Bitcoin Mined in June, Increases HODL by 2%

Join our free newsletter for daily crypto updates!