Apple (AAPL) Trending as Analysts Debate Whether iPhone Demand Has Peaked

Apple Inc. (NASDAQ:AAPL) is one of the Trending AI Stocks on Wall StreetOn November 10, Jefferies reiterated the stock as “Hold,” stating that its checks show Apple’s iPhone volume has likely peaked.

“iPhone has been super strong in China driven entirely by 17, and due mostly to pricing.”

Meanwhile, J.P. Morgan analyst Samik Chatterjee has maintained a bullish stance on the stock, giving a Buy rating on November 6. The firm is optimistic about Apple particularly due to the strong demand for its iPhone 17 series.

The firm noted how elevated lead times for the Base model reflect solid consumer interest and will likely drive significant year-over-year revenue growth for iPhones in the upcoming fiscal quarter.

Meanwhile, moderated lead times for the Pro and Pro Max models suggest a balance between supply and demand. With consistent demand across various regions, including the US, China, and Europe, Apple boasts a strong market position and growth potential, reinforcing the Buy rating.

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.

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