EXCLUSIVE: Apple's iPhone 16 Launch Will Be 'Disappointment Before The Excitement,' Gene Munster Says
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 03 2024
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Source: Benzinga
iPhone 16 Launch Expectations: Gene Munster from Deepwater Asset Management predicts that Apple's stock may not see immediate gains following the iPhone 16 launch due to high expectations already priced in, but anticipates significant growth after the third-quarter earnings report as consumers explore new AI features.
Potential Sales Growth: Munster estimates that iPhone sales could grow by up to 15% next year, driven by users who were initially planning to upgrade later, indicating that even small changes in features can lead to substantial revenue increases for Apple.
Analyst Views on IYW
Wall Street analysts forecast IYW stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IYW is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 197.170
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Current: 197.170
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
