Ross Gerber’s Optimism
Tesla Inc. investor Ross Gerber recently expressed his optimism about Apple Inc‘s AAPL Vision Pro despite the company’s recent stock decline.
The Buzz on Vision Pro
On Wednesday, Gerber, the CEO of Gerber Kawasaki Wealth and Investment Management, took to social media to share his thoughts. “Vision Pro is awesome and it’s gen 1. I’m telling you. Just wait… #apple $aapl,” he wrote.
The Future of Apple
Gerber, a long-time Apple investor, predicts that Vision Pro will replace the iPhone within the next five years. He believes that Apple’s pivot to Vision Pro and Gen AI, after abandoning its EV project, will lead to significant stock growth. Reported by BNN Bloomberg.
Importance Amid Adversity
Gerber’s endorsement of Vision Pro comes at a critical juncture for Apple. The company faces challenges with shares expected to drop by a further 5% due to issues in China and a recent European Commission fine, as predicted by CNBC’s Jim Cramer.
Analyst Insights
Apple’s Vision Pro, a virtual reality and video headset, has received mixed reviews with a starting price at $3,499. Analysts suggest that improving the price/performance balance of Vision Pro is crucial for it to be a potentially disruptive force.
Despite hurdles, analysts caution against selling Apple stock prematurely before witnessing the company’s AI developments unfold. Wedbush’s Dan Ives argues that divesting Apple stock now would be a misstep with historical repercussions.
Stock Movement
Apple shares closed 0.59% lower on Wednesday, with a 10.71% decline over the past month, according to Benzinga Pro data.
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