Apple Intelligence Will Play 'Starring Role' In iPhone 16 Launch, Says Analyst: No Price Hike Expected, But Accelerating Replacement Cycle 'Key Factor' For The Stock

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Stock Implications: Apple shares will likely perform In line with the typicality of the iPhone launch event, when they underperform the market (by about 60 basis points) on launch day and then merely modestly outperform the market (by 3 basis points on the average) in the three months following the event, said analyst Erik Woodring in a note.

That said, the analyst did not rule out of the possibility the stock performing better than historical seasonality, given his expectations that the iPhone 16 and Apple Intelligence will likely unlock pent-up demand.

The iPhone replacement cycle, which currently has a peak value of 4.8 years, will likely accelerate, he said, saying it is the “key factor” for the Apple stock being a top pick.

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Article Details

Author / Journalist: Shanthi Rexaline

Category: Technology

Markets: United States

Topics: Stories That Matter Analyst Ratings Benzinga Top Stories Tech Apple Intelligence News IPhone Reiteration Artificial intelligence Appleverse Erik Woodring Consumer Tech Expert Ideas US0378331005 AAPL Apple Analyst Color IPhone 16

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-30 @ 07:57:12 (2 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 817 words

Reading Time: 5 minutes read

Sentences: 30 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 22306028

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