Dan Ives, WedBush Securities analyst, joins ‘Squawk on the Street’ to discuss Apple, his outlook on the stocks’ target price, China, and more.
June will be Apple’s last negative quarter in China and the company will experience an “unprecedented renaissance of growth,” Ive’s says.
https://x.com/DivesTech/status/1793757547880644789
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BS. There will be no iPhone AI super cycle. This is just like the bs about the 5G super cycle that never took place. No one cares.
This is either morbidly misinformed, or someone trying to pump expectations for a crash short position.
The screen size super cycle thing, for now, was a one off.
Ives has been using this super cycle nonsense to hike his targets for going in 3 years! This time it’s AI that’s supposed to trigger it. The problem with his thesis, of course, is that AI is software – so there’s really no reason to buy a new iPhone to get it – it’ll likely be available to all phones that can run iOS 18.
You’re totally wrong. It’s standard practice for Apple to cut features for older models with new software updates. The biggest recent example is only allowing screen mirroring (and Stage Manager, until there was a backlash) on M1 or newer iPads.
The entire selling point of the iPhone 16 will be that it’s the first “AI iPhone”. Of course many of the features will be available to other recent gen iPhones, but the OpenELM on-device language models and their features will almost certainly be exclusive to the 16 (and maybe the 15 too, but that’s it). Hardware is Apple’s bread and butter, they can’t afford to NOT to have a Supercycle™️ this year.
iPhone 16’s main competition for now are the most recent Pixel and S24 from Google and Samsung. As Apple has been hyping the fact that their AI is on-device, at the very least they will have to show that it has more of the AI processing locally than their competition.
Apple needs to hire Ilya Sutskever (maybe they already have) and then make the announcement at WWDC. Stock goes 🚀
Ives must have just gotten his Memorial Day meth package. I guess we’ll be crossing $200/share on Monday. That green blazer…something’s up.
AAPL @ $200 on Monday, Amen to that!.
You guys are both morons as the market will be closed on Monday. Shows how much you guys know about stocks
Or, maybe it was well known there was no trading on Monday and known Ives doesn’t use meth and a joke was inserted, Dennis. Btw, I love the green blazer.
Unfortunately, there will be no iPhone supercycle. I don’t know where he gets this idea from, but he seems out of touch with reality. I’m a long-term Apple shareholder and I wish he were right, but I simply don’t see a supercycle happening. I’ll be happy if Apple gets to $210 sometime this year. I’m not greedy and I’m not terribly upset that Microsoft is now the top company in market cap. Nothing lasts forever. Apple really needed China for high revenue and now that China’s economy has collapsed, there is no chance of Apple finding any way to replace that China iPhone revenue. It’s not Apple’s fault that China’s economy tanked and I’m not blaming Tim Cook. I’m just looking forward for Apple’s revenue to stabilize and I wish investors weren’t so enamored with A.I.
Not really sure why you wouldn’t blame Tim Cook for yet another apple missing the boat.
But, hey, his Apple car debacle surely didn’t help.
His insane focus on china is blinding to the needs of the company.
But those china reach-arounds will certainly get Tim off.