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Goldman Sachs Optimistic on Apple Stock Ahead of iPhone 17 Launch
Goldman Sachs Optimistic on Apple Stock Ahead of iPhone 17 Launch
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BTCCSquare news:
Apple's upcoming 'Awe-Dropping' event on September 9 has drawn attention from Goldman Sachs, with analyst Michael Ng highlighting the iPhone 17 lineup as a potential catalyst for revenue growth. Despite Apple's stock underperforming the NASDAQ this year, down 4% versus a 12% gain for the index, Ng sees the new model's upgrades and expected price hikes as key drivers.
Investor sentiment has been dampened by concerns over Apple's lag in the AI race and broader economic uncertainty. The event could mark a turning point, with the tech giant poised to reclaim momentum in the market.
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