A meaningful improvement in Apple sentiment may depend on either a significant upgrade cycle or noticeable AI progress, particularly driven by Siri, potentially marking an inflection point in spring 2026 with the anticipated launch of a revamped Siri offering, according to Evercore ISI analyst Amit Daryanani.
Patrick Seitz for Investors Business Daily:
“The struggle investors have is identifying what drives upside from current levels,” Daryanani said in a client note Friday. “A meaningful sentiment improvement may hinge on either a sizable upgrade cycle or visible AI progress (Siri-driven) — which implies a potential inflection point could emerge in spring 2026 when Apple is expected to launch a revamped Siri offering.”
In the four weeks since the launch of the iPhone 17 series smartphones, order lead times have remained mostly stable in the U.S., Daryanani said in a report Saturday. Some key international markets, such as China, Germany, Japan and the U.K., have seen a shortening of lead times, particularly for the top-of-the-line Pro Max model, he said.
MacDailyNews Note: Daryanani maintains an “Outperform” (Buy) rating on Apple stock with a price target of $290.
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