StockNews.AI
AAPL
Barrons
1 min

Apple Stock Is on a Roll. 2 Reasons It Can Keep Going Despite AI Worry.

1. Apple's shares dipped after reaching a record high. 2. iPhone 17 is driving a strong upgrade cycle and expected double-digit revenue growth. 3. Services revenue grew 15%, indicating high profitability despite AI investment concerns. 4. Analysts raised target prices, indicating strong expectations for future performance. 5. Concerns linger about AI expenses offsetting strong hardware and services momentum.

5m saved
Insight
Article

FAQ

Why Bullish?

Strong iPhone sales and services revenue growth suggest future stock appreciation, despite AI concerns.

How important is it?

The article highlights significant sales growth drivers and analyst optimism, impacting AAPL's stock performance.

Why Short Term?

The immediate uptick from iPhone 17 momentum is expected in the coming quarter.

Related Companies

Related News