Apple's smart move is expected to trigger an iPhone upgrade wave. Investment bank Baird raises Apple's target price to $240
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Apple's target price has been raised to $240 by investment firm Baird, maintaining its "outperform" rating. Analysts believe that with Apple's artificial intelligence plans, iPhone sales are expected to increase, with nearly 95% of iPhone users worldwide likely to upgrade to take advantage of Apple's intelligence. It is expected that Apple's 2025 fiscal year iPhone sales will be raised by about 20 million units, with iPhone revenue expected to reach $216.1 billion, a year-on-year increase of 9%. Apple's full-year revenue is expected to reach $418.1 billion, with earnings per share of $7.30, higher than previous expectations
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