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 Be a Big Opportunity for Apple's Stock Value
Wamsi Mohan, senior equity research analyst at Bank of America, calls the AI iPhone the IntelliiPhone and believes it is 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 advent of the AI smartphone era has also made Bank of America optimistic about Apple’s prospects. Mohan even puts Apple’s stock price at $230, which would represent a 20% upside, next year.
Apple’s stock has risen just 7% over the past year, 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 analysts say Apple’s valuation will be higher because of the iPhone’s strong upgrade opportunities, 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
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