CNBC’s Steve Kovach talked a few new Loop Capital tackle Apple Inc. (NASDAQ:AAPL) which says tariffs might bode properly for the corporate. Kovach stated he doesn’t “purchase” Loop’s argument however highlighted one other attention-grabbing factor of their report:
“Let me inform you what’s new and notable on this report right here. Loop is saying they’re rising their expectations for the iPhone Air. Now that is that tremendous skinny mannequin of the iPhone that is rumored to be coming this fall. Loop really almost doubled iPhone Air construct estimates from 16 million to 33 million by the top of the yr. That might be about 30% of all iPhone 17 fashions anticipated to be produced this yr. And we’ll be speaking so much about this after Apple whiffed on synthetic intelligence yr and missed out on an excellent cycle surge in iPhone gross sales. The true query is: can Apple make cool smartphones once more? We’ve not actually seen any main design modifications since 2020 tremendous cycle. From AI, after all, by no means occurred, however design modifications are literally confirmed to spur tremendous cycles.”
A large view of an Apple retailer, exhibiting the vary of merchandise the corporate gives.
Sands Capital Choose Progress Fund said the next relating to Apple Inc. (NASDAQ:AAPL) in its Q1 2025 investor letter:
“We exited Apple Inc. (NASDAQ:AAPL) in March to fund what we view as compelling additions to present holdings throughout the market selloff and to strengthen our money place for future alternatives. Apple’s inclusion in Choose Progress was supposed to offer stability to the portfolio. Nonetheless, within the present market atmosphere, we see higher upside potential in different companies and look at money as a more practical software for draw back safety and opportunistic deployment. We stay optimistic on the potential for shorter substitute cycles for computer systems and cellular gadgets pushed by Apple Intelligence. That stated, the delayed rollout of AI options—and Apple’s acknowledgment that some could also be indefinitely postponed—might restrict its capability to exceed earnings expectations. Apple stays a number one international expertise enterprise with an enormous {hardware} and software program ecosystem, sturdy buyer lock-in, and highly effective community results. We are going to proceed to watch its progress and its potential match throughout the Choose Progress portfolio.”
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