Apple Inc.’s (AAPL) shares experienced a modest increase on Tuesday, potentially driven by ongoing discussions and speculation about the performance of future iPhone models. This comes amidst a backdrop of recent developments in the AI-driven smartphone market.
Analyst Ming-Chi Kuo recently reported a slowdown in shipment momentum for Samsung’s Galaxy S24, which initially saw robust demand due to its AI features. This has raised questions about how the next iPhone and other smartphones with AI capabilities will perform in the market.
Kuo also suggested that the anticipated release of Apple’s iPhone 16 series might not lead to a significant surge in demand, as indicated by Apple’s financial guidance. However, other analysts, such as Daniel Ives from Wedbush, remain optimistic about the potential strong reception the new iPhone models could receive.
Despite the mixed outlook, Apple shares closed the day up 1.72% at $221.27 according to Benzinga Pro. The market’s reaction to the potential performance of the iPhone 16 series and the evolving landscape of AI-driven smartphones will likely continue to influence Apple’s stock performance in the coming months.
