JP Morgan drops Apple target price over questions on when AI iPhone will launch

Just banking on AI without a real purpose is crazy. Good AI is invisible and solves real problems. Bad AI is just making the non-technical Wall Street people happy, through gimmicky functionality, without doing anything really useful. Of course there is another class of AI, but it’s hard to know from the outside whether it is AI or algorithm. 

JP Morgan: "We don't really understand AI or where it is going. We don't know when and what Apple will  be doing with AI, but it will be probably late, although we really don't know what that means because nobody else has done anything meaningful with AI in smartphones. So: sell, sell, sell!" I don't get why anyone would listen to these clows.

puiz666 said:

JP Morgan: "We don't really understand AI or where it is going. We don't know when and what Apple will  be doing with AI, but it will be probably late, although we really don't know what that means because nobody else has done anything meaningful with AI in smartphones. So: sell, sell, sell!" I don't get why anyone would listen to these clows.

I’ve always wondered why financial institutions think they know anything about technology, especially anything Apple makes. The majority of them are required to use Windows PCs because they are locked into Windows server software. Apple products are for creative people not number crunchers who are never creative. 😉

rob53 said:

puiz666 said:

JP Morgan: "We don't really understand AI or where it is going. We don't know when and what Apple will  be doing with AI, but it will be probably late, although we really don't know what that means because nobody else has done anything meaningful with AI in smartphones. So: sell, sell, sell!" I don't get why anyone would listen to these clows.

I’ve always wondered why financial institutions think they know anything about technology, especially anything Apple makes. The majority of them are required to use Windows PCs because they are locked into Windows server software. Apple products are for creative people not number crunchers who are never creative. 😉

They don´t need to understand technology as long as they understand their financial performance.

I wonder how they come to the conclusion that first AI-integrated phone will be iPhone 17.

But will their AI strategy boost their sales and lead to a big cycle? Will iOS18 cover all AI features from iPhone 16 (In that case, JPM would be wrong)? 

What added values do we get from WWDC 2024 when some features will not be rolled out with iPhone 16? We should wait till September 2025? 
Others (Huawei or Samsung with Google would be way ahead in terms of their AI features). 

I still wonder that JPM maintains their target price at $210, which is way too high given their weak guidance and weak financial performance. 

Massiveattack87 said:

rob53 said:

puiz666 said:

JP Morgan: "We don't really understand AI or where it is going. We don't know when and what Apple will  be doing with AI, but it will be probably late, although we really don't know what that means because nobody else has done anything meaningful with AI in smartphones. So: sell, sell, sell!" I don't get why anyone would listen to these clows.

I’ve always wondered why financial institutions think they know anything about technology, especially anything Apple makes. The majority of them are required to use Windows PCs because they are locked into Windows server software. Apple products are for creative people not number crunchers who are never creative. 😉

They don´t need to understand technology as long as they understand their financial performance.

I wonder how they come to the conclusion that first AI-integrated phone will be iPhone 17.

But will their AI strategy boost their sales and lead to a big cycle? Will iOS18 cover all AI features from iPhone 16 (In that case, JPM would be wrong)? 

What added values do we get from WWDC 2024 when some features will not be rolled out with iPhone 16? We should wait till September 2025? 
Others (Huawei or Samsung with Google would be way ahead in terms of their AI features). 

I still wonder that JPM maintains their target price at $210, which is way too high given their weak guidance and weak financial performance. 

Based on historical data that says it takes Apple 2-3 generations to come out with the same technology as everyone else, all in the name of "getting it right" (and sometimes they do and sometimes (Siri) they don't).