Next two quarters may be tough, but iPhone 16 & AI will return Apple to growth

Investment firm Wedbush says it is sticking to its $250 Apple price target and that issues such as declining sales in China will be short term because of pent-up demand for the iPhone 16 range.Tim Cook at a game tournament in Apple Taikoo Li, Chengdu Wedbush first raised its Apple price target to $250 in December 2023, just ahead of the peak holiday season. The company described Apple then as resilient, and in March 2024 said it was keeping its price target despite recognizing that there were concerns over iPhone demand in China.Now in a note to investors seen by AppleInsider, Wedbush has outlined further details of the decline, and also commented on Apple's changing relationship with China. However, it remains bullish and says that this is because it believes that: Continue Reading on AppleInsider | Discuss on our Forums