Key takeout
With Apple (AAPL) CEO Tim Cook teasing about the launch of the new product on Wednesday, analysts speculate that the new, low-cost iPhone model could soon hit store shelves Masu.
Cook did not specify what was mentioned in the X announcement post earlier this week, but analysts had previously speculated that a new iPhone SE model could be announced in early 2025 . Morgan Stanley said Tuesday that he hopes the iPhone SE4 will start at $499 and will be equipped with Apple Intelligence. Cook said he is pushing for a record-breaking iPhone upgrade.
Morgan Stanley maintained his “overweight” rating and a price target of $275. Of the 16 analysts covering Apple tracked by visible Alpha, nine have “buy” or equivalent ratings of stock compared to five “hold” ratings and two “sell” ratings. I have it. Their consensus price target is around $253, a premium of around 4% at the end of Friday.
According to a CNBC report, the release of the product has been announced after Alibaba (BABA) Chairman Joe Tsai partnered with Apple to bring artificial intelligence capabilities to the Chinese iPhone. Earlier this week, The Information and The Wall Street Journal said that Apple submitted AI features developed with Alibaba to Chinese regulators for approval. This could take several months.
Apple’s shares rose 1.3% to close at $244.60 on Friday, adding about a third of their value over the past 12 months.
