Apple stock will soar 36% as it gears up to launch an AI-enable iPhone, BofA says
Bank of America said Apple could announce a 5% dividend increase and $90 billion share buyback program when it releases earnings next week.
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Bank of America said Apple could announce a 5% dividend increase and $90 billion share buyback program when it releases earnings next week.
"Vision Pro could surpass iPad revs over time as spatial computing takes hold offering differentiated use cases driving services upside," BofA said.
In a note to investors — as noted by Business Insider — Bank of America has upgraded Apple to “Buy” and said the stock has upside potential of 23%. The bank believes artificial intelligence (AI) technologies will drive a significant upgrade cycle for the iPhone in 2025 and 2026. “Apple should
Bank of America expects Apple to sell 1.5 million units of the Vision Pro in its first year, while Wedbush expects sales of only 150,000 units.
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