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Gene Munster, managing partner at Deepwater Asset Management, is bullish on Apple (AAPL) stock, anticipating a "massive upgrade cycle" for the iPhone.
Munster stated on CNBC that he remains optimistic about Apple, despite reports of rising memory costs potentially leading to an iPhone 18 price increase and Jefferies' pessimistic outlook on the all-glass iPhone. He believes that a potential price increase for the iPhone could boost Apple's revenue growth with limited impact on demand. Munster anticipates a broader consumer hardware upgrade cycle driven by personalized AI to begin around 2027, which will present new growth opportunities for Apple.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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