Can New AI-Powered Devices Propel Apple Stock Higher?
Bloomberg reported last week that (NASDAQ: AAPL) is preparing for a fresh round of new product innovations. Among the company's rumored plans are a tabletop robot, a smart speaker with a display, and home-security cameras. The robot, targeted for a 2027 launch, would act as a moving virtual assistant, swiveling to follow a conversation and offering a more lifelike version of Siri.
Apple hasn't had a major new product launch success story in quite some time. Its virtual reality headset, Vision Pro, was too expensive and didn't generate the momentum it hoped for. And Apple Intelligence, its version of an artificial intelligence (AI) assistant, is still trying to find its footing. This new hardware push is meant to change all that, with the smart-home market a clear target.
The most attention-grabbing new innovation is the tabletop robot, which would act as a lifelike virtual companion and be able to engage in back-and-forth conversations with multiple people. However, Apple's other offerings also have some solid potential. If these products can gain traction, they could turn Apple into an important player in the smart-home market.
Source Fool.com
Apple Inc. Stock
Currently there is a rather positive sentiment for Apple Inc. with 108 Buy predictions and 12 Sell predictions.
With a current price of 233.2 € Apple Inc. is right around the predicted target price of 235 €.
