Analyst Says Apple (AAPL) Is Going to Make a New All-Time High

Core Viewpoint - The article discusses the potential for Apple Inc. (NASDAQ:AAPL) to reach new all-time highs, while also highlighting concerns about its long-term growth prospects due to market saturation and competitive pressures [1][2]. Group 1: Short-term Outlook - Joseph Terranova from Virtus Investment Partners believes that Apple could achieve a new all-time high soon, indicating a bullish short-term sentiment towards the stock [1]. - The stock is currently experiencing upward momentum, with Terranova expressing confidence in its continued rise [1]. Group 2: Long-term Concerns - Analysts warn against overly bullish expectations for the iPhone 17 cycle, noting that the iPhone upgrade cycle has extended to 35 months in the US [2]. - A report indicates that approximately 63% of iPhone users retain their devices for over two years, suggesting a slowdown in upgrade frequency [2]. - Apple is facing increased competition from companies like Samsung and Xiaomi, which are able to offer advanced features at competitive prices, particularly in key markets such as China [2]. Group 3: Competitive Landscape - Columbia Threadneedle's investor letter highlights that Apple is experiencing an "innovator's dilemma," as competitors capitalize on AI advancements, raising questions about Apple's future outlook [3]. - Despite underperforming the market, Apple's large position in benchmarks has provided some relative advantages for investors [3]. - The letter suggests that while Apple has potential, other AI stocks may offer better returns with lower risk [3].