Apple's WWDC: Analyst Sees AI Unveil, Siri Revamp And Alibaba Deal As Catalyst For iPhone Upgrade
1. Wedbush analyst maintains Outperform rating on AAPL, targeting $270 price. 2. WWDC will showcase Apple's AI strategy, facing rollout challenges but promising monetization. 3. Ives predicts key partnerships and updates will drive iPhone upgrade cycles. 4. Estimates indicate over 100 million upgrade opportunities in China. 5. Projected revenue for fiscal 2025 is $404.09 billion with EPS of $6.90.