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Apple (AAPL) Stock: UBS Reiterates Neutral, $220 PT on iPhone 17 Availability Data

Apple Inc. (NASDAQ:AAPL) is one of the AI Stocks in the Spotlight This Week. On September 24, UBS analyst David Vogt reiterated a Neutral rating and $220.00 price target on the stock. The rating affirmation follows analysis of iPhone 17 availability data across 30 global markets.

Based on UBS Evidence Lab data, wait times appears elevated for the base iPhone 17 model but muted for the other three. The firm believes that there is upside risk to iPhone builds driven by the iPhone 17 Base and Air variants. This aligns with recent reports that Apple suppliers are increasing production of the Base model.

Meanwhile, wait times for the Pro and Pro Max outside China are consistent with last year, while Air models are flat to down compared to the 16 plus.

According to the firm, the transition toward entry-level phone models may limit average selling price upside in the September’25 quarter. Tracking wait times is going to be a key metric, as they flattened or shortened around this time last year.

“UBS Evidence Lab data (>Access Dataset) that tracks iPhone availability across 30 geographies suggests elevated YoY wait times for the Base across key end markets, but relatively muted demand for the other three models. We believe that the data is consistent with our view that there is upside risk to iPhone builds, driven by the iPhone 17 Base and Air variants, as well as recent media reports indicating Apple suppliers are increasing iPhone 17 Base production. However, we flag that main adjustments to iPhone builds typically begin in November onwards. Further, we note that ex-China, wait times for the Pro and Pro Max are relatively consistent YoY, and flat to down for the Air vs the 16 Plus. Taking into account the implied price increases for the Air and Pro models, but an implied price decrease for the Base (by raising the starting storage to 256GB), initial demand mixing to the entry-level iPhone may limit ASP upside in the Sept-25 quarter in our view. Wait times will be important to track going forward as we note that they began to flatten or shorten at this time last year depending on the model and geography.”

Apple is a technology company known for its consumer electronics, software, and services.

While we acknowledge the risk and potential of AAPL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AAPL and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Buzzing AI Stocks on Wall Street and 10 AI Stocks on Market Radar

Disclosure: None.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

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