Reported 7 months ago
Analyst Laura Martin believes that owning Apple stock in four years may not be desirable as the company's revenue growth is projected at only 1% and they lack a clear strategy to drive iPhone replacement cycles with generative AI. However, despite her reservations, Martin maintains a Buy rating on the stock for the present year due to Apple returning share cash to investors. In contrast, she foresees other companies making significant strides in generative AI innovation, suggesting that Apple might fall behind strategically by 2024.
Source: YAHOO