🚀 Apple shares rose in response to a positive analyst report on artificial intelligence (AI) prospects! Evercore ISI analyst Amit Daryanani raised his Apple stock target price to $250 from $220 due to the potential for AI features to lead to a longer and stronger iPhone upgrade cycle. 📈

📱It is stated that the new AI features will be offered exclusively to the iPhone 15 Pro and future iPhone 16 models. The gradual rollout of these AI features is expected to create a continuous upgrade cycle, enticing older iPhone owners to upgrade over time.

💰Evercore estimates that even a one-month reduction in the typical upgrade cycle could lead to an extra $14 billion in iPhone sales.

🍏Apple's financial metrics remain strong as it prepares to use AI across its product line. With a market value of $3.234 trillion, Apple remains one of the most valuable companies in the world.

Do you see AI features as a big growth driver for iPhone? Leave your comments below!