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Benzinga
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Goldman Sachs Sees Apple Revenue Acceleration As iPhone 17, AI Take Center Stage

1. Apple to unveil iPhone 17 at September 9 event, boosting hardware and AI. 2. Analysts predict significant revenue growth through 2026, driven by new products. 3. Goldman Sachs maintains Buy rating with a $266 target price for AAPL. 4. Pricing changes in iPhone 17 series could enhance average selling prices. 5. AI integration in products expected to strengthen Apple’s ecosystem and revenue.

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FAQ

Why Bullish?

The upcoming iPhone launch and strategic changes, such as eliminating lower-tier models and adding new AI features, suggest strong sales growth. Similar past launches, such as the iPhone 6 and iPhone X, resulted in significant upward price movements for AAPL.

How important is it?

The article discusses immediate and long-term growth prospects for AAPL based on key product innovations and market strategies, indicating substantial potential impact on stock price.

Why Long Term?

Product launches can create sustained momentum, impacting revenues through multiple fiscal years. Historical data indicates that AAPL often sees stock price increases following new product launches, contributing to long-term growth.

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