Apple Inc. (AAPL) Focused on Service Monetization to Accelerate Revenue Growth

Apple Inc. (NASDAQ:AAPL) is one of the best stocks to invest in for good returns. On March 24, analysts at Evercore ISI reiterated their Outperform rating for Apple Inc. (NASDAQ:AAPL), impressed by strong momentum in the company’s services segment.

Apple Inc. (AAPL) Focused on Service Monetization to Accelerate Revenue Growth

The research firm maintains a $330 price target on the stock in anticipation of the service segment enjoying robust adoption, which should drive average revenue per user higher. Apple is increasingly monetizing its services beyond the App Store as it looks to diversify its revenue streams. According to the research firm, the tech giant is targeting double-digit service segment growth.

Part of the service segment monetization involves producing advertisements in the Maps App. The introduction is part of Apple’s push to boost revenue from its services. Apple is contemplating an ad system that would function similarly to Google Maps by providing a way for brands and retailers to bid for ad slots.

However, Evercore ISI has warned that developments around artificial intelligence remain muted.

Apple Inc. (NASDAQ:AAPL) is a technology giant that designs, manufactures, and markets consumer electronics, software, and online services, including the iPhone, Mac computers, iPad, and wearables. It also operates digital content platforms, App Store, streaming services, and services such as iCloud, Apple Pay, and AppleCare.

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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