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Apple's AI products aren't convincing just yet: Analyst [Yahoo! Finance Canada]
Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations: investor.apple.com
share buyback program . While once considered a part of the Magnificent Seven tech stocks, some analysts are beginning to sour on the tech giant after a lackluster 2024 performance thus far. Rosenblatt Securities Managing Director Barton Crockett joins Catalysts to explain his bearish position behind Apple and why the iPhone maker will need to deliver more than a couple of announcements before changing his mind. "They said that AI will be in all of their products. What matters is the details, and what matters is do they have a device in AI, a device that's compelling? It's one thing to say you have an AI device, it's another thing to deliver some use case that consumers want," Crockett affirms. "Our survey work would tell us that there is an appetite. Consumers are interested in AI capabilities. And you know, in their minds, conceptually, that can be a reason to buy hardware." For more expert insight and the latest market action, click here to watch this full episode of Catalyst
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