Apple shares popped 5% to a new record high of around $203 per share on Tuesday, besting its previous record from December.Analysts believe the new AI features will help drive consumers to upgrade their devices since the tools are only available on newer models.
Analysts from Morgan Stanley said Apple's AI features strongly position the company with"the most differentiated consumer digital agent." Additionally, the analysts believe that the features will drive consumers to upgrade their iPhones, which should"accelerate device replacement cycles." This English teacher started his business with two $500 prepaid debit cards. Now it's an $8 million company
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Apple shares pop to record high after company unveils AI softwareApple shares reach to a new record high of around $203 per share on Tuesday, besting its previous record from Dec. 14.
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