Evercore says AI could help Apple crush 2025 iPhone growth estimates
)'s stock price has room to grow, citing the potential for significantly higher iPhone sales in fiscal year 2025 driven by Artificial Intelligence features.
Evercore points to Apple's decision to limit"Apple Intelligence" features to its higher-end iPhone 15 Pro and upcoming iPhone 16 models, believing this will create a strong incentive for upgrades. Evercore believes the current consensus forecast of 3% iPhone revenue growth in FY25 is too low. They estimate that even a one-month reduction in the typical upgrade cycle could result in an additional $14 billion in iPhone sales, representing a 7% increase over current FY25 expectations.
Based on this, Evercore is raising its FY25 iPhone revenue growth estimate from 4% to 7%, with the potential for growth to reach double digits. They increased their price target to $250 per share to reflect their bullish outlook.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
2025 Polestar 3, 2025 BMW M2: This Week's Top PhotosPolestar's Cayenne rival, BMW's updated M2, and the final Nissan GT-R all made headlines today.
Read more »
MSGM Men’s Spring 2025, Women’s Resort 2025: The Kids Are More Than AlrightWith his MSGM men’s spring 2025, women’s resort 2025 collections Massimo Giorgetti celebrated color, energy, lightheartedness with a sea theme.
Read more »
Courrèges Men’s Spring 2025, Women’s Resort 2025: Diving Back Into SummerCourrèges men's spring 2025, women's resort 2025 ready-to-wear runway, fashion show & collection review. Nicolas Di Felice was fantasizing about summer in Greece after a 'never-ending winter.'
Read more »
Courrèges Spring 2025 Men’s and Women’s Resort 2025 Ready-to-Wear CollectionCourrèges Spring 2025 ready-to-wear fashion presentation & collection photos. Designed by Nicolas Di Felice at Paris Fashion Week Men’s, June 2024.
Read more »
Vision Pro 2 release reportedly on hold as Apple focuses on cheaper 2025 modelApple has apparently halted the development of Vision Pro 2 to focus on a cheaper version. Here's what we know about the latest report.
Read more »
Apple Intelligence features and some Siri improvements wont't arrive until late 2024 and 2025Alan, an ardent smartphone enthusiast and a veteran writer at PhoneArena since 2009, has witnessed and chronicled the transformative years of mobile technology. Owning iconic phones from the original iPhone to the iPhone 15 Pro Max, he has seen smartphones evolve into a global phenomenon.
Read more »