Apple: Latest AI Innovations Could Trigger iPhone Supercycle, According to Evercore ISI

Apple's latest research suggests that the company is on the cusp of becoming a leader in the field of artificial intelligence (AI). According to Evercore ISI analysts, overcoming the challenges of local data processing, known as on-device inference, could pave the way for a new iPhone boom. In this context, Evercore ISI analyst Daryanani reiterates his bullish view on Apple by issuing a Buy recommendation with an Overweight rating and a target price of $220. The study published on 04-01-2024 presents Apple's latest language processing model, called...