“The implications for Apple’s competitive position in AI are significant. The dominant narrative that Apple is behind — that Siri is a joke compared to ChatGPT, that Apple Intelligence is underwhelming, that the company missed the generative AI wave — could be misleading. Woods’s experiment suggests Apple may have quietly built the right hardware all along.”
Check out what the World Wide Developers Conference on June 8th has to say.
There are two sleeper hits: the Mac mini, which is excellent for running OpenClaw, and the MacBook Neo, which has the potential to capture market share in the upcoming mainstream AI era.
Apple CEO Tim Cook said on the company’s earnings call on Thursday that it could take “several months” to meet skyrocketing demand for the Mac Mini, the company’s compact but mighty, screen-free desktop computer. Cook’s remarks come after coders determined in recent months that the Mac Mini was the perfect machine for agentic AI tasks.
The rapid adoption of generative AI and unexpected demand for the company’s new, colorful, and more affordable MacBook Neo laptop.
A new era begins…
… “Apparently under incoming CEO John Ternus, the company may take money that might otherwise have been funneled to shareholders, and spend it on new ideas.”
… “Apple could “spring for a blockbuster acquisition,” or “expand the company’s AI infrastructure ”
$400 is 1 year target.
John Ternus’s actions over the next twelve months could potentially quadruple AAPL’s stock price within the next decade. I hope for a “hell frozen over” moment akin to the “launching iTunes for Windows”.
Apple silicon is the most suitable architecture for inference. If John and Johnny can aggressively capitalize on this advantage to achieve dominance in on-device inference and private cloud, it would be a significant achievement. 
For the next few years, Wedbush believes about 20% of the world’s population will have access to AI with an Apple device.
Wedbush estimates the value of those pieces over time to be as much as $15 billion in annual services revenue.
The analyst note also marks an opportunity for Apple to monetize AI features, premium storage, and on-device intelligence.
Apple as the gateway to the AI world. Wedbush believes in 20%, my hope is over 50% 
For Apple to justify a $400 target, a few things need to go right:
- AI services have to become visible in the numbers.
- China’s execution has to hold up.
- The next major iPhone redesign needs to land well.
- Apple has to convert AI usage into recurring revenue, not just interest.
Apple device is not limited to iPhone. AirPods, Apple Watches, MBA/MBP/MBN, iPads, AVP, Apple Glasses,
YTD, AAPL outperforms S&P significantly. With the right stocks, the buy-and-hold (hopefully forever) strategy works exceptionally well.
Microsoft and NVIDIA are validating Apple’s product strategy.