Though Bernstein does have lower expectations ahead of Apple's Q2 2024 earnings, the analyst claims the corporate is coming into its seasonally potent time period. In 15 of the final seventeen years, he wrote, Apple's inventory has outperformed in the quarter foremost approximately another iPhone launch.
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"We do also feel that the forthcoming iPhone cycle the apple iphone sixteen will likely be an excellent cycle," Sacconaghi informed CNBC
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Bernstein's placement goes against that of JP Morgan, which does assume a lift from AI for Apple, although not until finally 2026 plus the iPhone 17. Morgan Stanley has mentioned that it is bullish about Apple, however In addition, it downgraded its stock rate.
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