Bank of America says Apple (#AAPL) could become an eventual winner in edge AI as strong iPhone Duo demand continues.
Global Duo lead times have reportedly reached 82 days, while analyst Wamsi Mohan maintains a $370 price target.
🔹 Key Highlights
- 📱 Strong Demand: Global iPhone Duo lead times have reached 82 days.
- 🎯 Price Target: Bank of America analyst Wamsi Mohan maintains a $370 PT.
- 🤖 Edge AI: Apple could benefit from the growing adoption of on-device AI.
- 🌐 AI Opportunity: Apple’s hardware ecosystem provides a large platform for edge AI deployment.
- 📈 Long-Term Catalyst: Continued device demand could support Apple’s AI strategy.
💡 Why It Matters
Apple’s combination of a massive installed device base and growing on-device AI capabilities could position the company as a long-term beneficiary of the edge-AI market.
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