(TrendHub — Posts by ICARUS Journalist) According to a recent report by Bank of America, Apple’s stock price could rise by 23% by 2024 due to the innovative integration of Artificial Intelligence (AI) features. The upcoming iPhone series, scheduled for 2024, seems to herald a new massive upgrade cycle powered by revolutionary functions made possible by AI.
Ambitious AI Roadmap
Analysts at Bank of America have stated that Apple is placing a significant bet on AI to innovate user experience and lead a new massive update cycle. This tech giant has been strengthening its AI team over several years, and these efforts are expected to soon bear fruit.
The next-generation iPhone, set to launch in 2024, is anticipated to include astonishing advancements driven by AI. These could encompass next-generation 3D facial recognition, immersive augmented reality features, and advanced conversational capabilities.
Impact on Apple Sales
Analysts predict that these new revolutionary features, driven by AI, are expected to significantly impact Apple’s sales. These features will provide a strong upgrade incentive, even for current iPhone users, including those with recent models.
A super cycle similar to the one initiated by the iPhone 6 in 2015 is anticipated. The number of devices sold annually is expected to surge, triggering robust growth in Apple’s revenue and profit.
Positive Influence on Stock Price
Apple’s bright future, led by the iPhone, is inevitably expected to be reflected in a rise in stock price. According to Bank of America, thanks to AI, the stock price is on an upward trend and could increase by 23% by the end of 2024, surpassing $200.
Riding the wave of these technological innovations, Apple is expected to reach new heights in the stock market in the coming years, solidifying its status as a top-tier technology value.
Samsung Galaxy’s AI Strategy
Meanwhile, Samsung Electronics’ Galaxy S24 is expected to play a significant role in the smartphone AI competition. The launch of the Galaxy S24, marking the beginning of this competition, will provide an opportunity to expand the boundaries of new technology and innovatively transform user experience. This is expected to further intensify the competition between Samsung and Apple.
This competition, armed with AI technology by both tech giants, is set to bring about new changes in the market, offering users more evolved technology and services. This rivalry is expected to be a significant driver in spurring innovation across the smartphone industry and creating new user experiences.
Investment Insights and Strategies
Considering the rapid advancement of AI technology, investment strategies for the AI competition between Apple and Samsung could be adjusted as follows:
- Short-term Investment Strategy: Considering the rapid development of AI technology, setting short-term investment goals may be reasonable. Concentrate investments prior to new product launches and major announcements, and consider realizing profits following significant events.
- Flexible Investment Adjustment Based on Technological Advancements: Paying attention to news and announcements related to the evolution of AI, and swiftly adjusting investment positions in response to market changes is crucial.
- Investing in Competitors and Component Suppliers: The advancement of AI technology affects not only Apple and Samsung but also related component suppliers and competitors. Investing in these companies is also a viable strategy.
- Analyzing Market Reactions and Trends: Analyzing market responses to events such as product launches, technology announcements, and industry conferences, and making investment decisions in line with trends is important.
- Risk Management: Considering the rapid volatility of AI technology stocks, managing investment risk is crucial. This can be achieved by maintaining portfolio diversity and applying loss-limit strategies.
- Investing in Sectors Focused on Technological Innovations: The advancement of AI technology impacts various industries, making investments in sectors paying attention to technological innovations a valid strategy.
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Disclaimer
This article is intended solely for informational purposes. It should not be interpreted as any form of investment advice or financial consultation, and Trend Hub News does not legally bear responsibility for the contents of the article. The provided information is based on reliable and accurate sources, but it is important to understand that it may vary with market trends. All investment decisions should be made under personal responsibility and should not be based solely on the contents of this article. Consulting a professional is recommended before making any significant investment decisions.