Apple(US:AAPL) Youtubeยท2025-10-20 17:03Core Insights - Apple has been added to Core ISI's tactical outperform list due to strong demand for the iPhone 17, which has reached an all-time high, positively impacting the Dow [1] - The iPhone 17 is performing well globally, with base models favored in China and Pro Max models in the US, driven by a significant number of older iPhones needing upgrades [2] - Attractive promotions in the US are contributing to better iPhone momentum, alongside the resolution of previous concerns regarding Apple's services business [3] iPhone Performance - The iPhone 17's success is attributed to a combination of factors, including the aging of older iPhones and innovations in the new models [2] - The analyst anticipates high single-digit growth for iPhones, contributing to overall positive momentum for Apple [5] Services Growth - There is a clearer outlook for double-digit growth in Apple's services segment, with expectations of low teens growth driven by the resolution of legal concerns [4][5] - The combination of iPhone sales and services growth is expected to provide significant upside momentum for Apple through 2026 [5] AI and Future Prospects - Apple is gradually addressing its AI strategy, with the potential for significant advancements in voice AI by 2026 [6][7] - The company is not facing existential threats from AI, allowing it to take a measured approach to its investments in this area [6] Leadership and Succession - Discussions regarding Tim Cook's leadership and potential succession are ongoing, but there is no immediate urgency for a transition [8] - Recent executive transitions suggest that Cook is likely to remain in his position for several more years [8]