Unlocking Apple's AI Potential: 'Multi-Year Upgrade Cycle' Potential, Bullish Analyst Says
Benzinga
Apple Inc (NASDAQ: AAPL) is in active discussions with Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) for building Google's Gemini AI engine into the iPhone.
If Apple can reach an agreement with Google or OpenAI, it could add incremental hardware features in 2025, according to BofA Securities.
The Apple Analyst: Wamsi Mohan maintained a Buy rating and price target of $225 for Apple.
The Apple Thesis: Al could drive a “multi-year upgrade cycle” and allow the company to improve gross margins going ah...
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