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Dan Ives Says Apple AI Strategy Could Add $75 Per Share

The strategy could support device upgrades and higher services revenue, the tech analyst said Oct. 8.

Devices arranged across a bright electronics showroom display / TokenPost.ai
Devices arranged across a bright electronics showroom display / TokenPost.ai

Dan Ives said Apple’s artificial-intelligence strategy could add about $75 per share to the company’s valuation as the technology supports device upgrades and services revenue growth.

The strategy centers on using AI to encourage customers to upgrade their devices and increase revenue from services, Ives said Oct. 8.

The estimate links Apple’s potential valuation gain to the company’s ability to use artificial intelligence across its device and services businesses.

Simon Yoon

Reporter

Simon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.

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