From Nasdaq:

Apple’s stock has lagged behind The Magnificent Seven stocks but bullish Wedbush analyst Daniel Ives believes the company is set to rebound, with China’s demand due to stabilize and iPhone 15 expected to surpass expectations. Revenue decline in China was reported earlier, but iPhone units are predicted to reach 225-230 million this year. With a recovery in stock following earnings, investor confidence is turning around as they anticipate a “rock solid double digit growth” in Apple’s Services business. The analyst predicts that iPhone’s Lunar New Year holiday period in China will show growth. Additionally, the analyst is confident in Apple’s potential AI development and expects Vision Pro to reach 1 million unit sales by 2025. Apple’s stock closed at $188.95, up 0.41% on Friday.



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