AI on iPhone will help Apple's value increase sharply

Bank of America analysts pointed out in a report on May 29 that smartphones will require more computing power to handle the daily use of AI, meaning the opportunity for smartphone replacement is more likely to be realized by users of the estimated 2.2 billion active users.

"IntelliiPhone" will bring great opportunity for Apple stock value

Wamsi Mohan, senior equity research analyst at Bank of America, calls the iPhone AI the IntelliiPhone and believes it's a once-in-a-decade upgrade opportunity that will last for years.

Mohan added that IntelliiPhone will bring consumers new experiences that smartphones cannot match, including augmented reality and virtual reality experiences, health checks, etc. With the development of AI technology, the gap between IntelliiPhone and traditional smartphones will become wider, thereby promoting consumers' desire to upgrade.

The arrival of the AI ​​smartphone era has also made Bank of America optimistic about Apple’s prospects. Mohan even put a price rating on Apple’s stock that could reach $230, equivalent to 20% growth, next year.

Over the past year, Apple’s stock price has risen just 7%, lagging the S&P 500 and lagging some of the big tech stocks that have soared thanks to AI. But the iPhone’s performance in the coming months could change all that. Bank of America’s analysis suggests that Apple’s valuation will be higher because of the iPhone’s strong upgrade opportunity, high-end consumers, and growing portfolio of services, giving it the upper hand in the AI ​​smartphone era.

Additionally, Bank of America said one of the keys to the success of AI smartphones is AI application developers, and it is likely that these people will create a large number of AI applications for the iPhone, creating a new profit point for the company.

Ultimately, Apple's plans to beef up its AI capabilities ahead of the iPhone 16's launch in the fall will appeal to more Chinese consumers, strengthening its position in the premium phone market.

Source: https://thanhnien.vn/ai-tren-iphone-se-giup-gia-tri-apple-tang-manh-185240531100437456.htm