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Apple’s Upcoming Product Launch: iPhone SE4 on the Horizon
Key Takeaways
Apple CEO Tim Cook announced a product launch event slated for Wednesday, prompting speculation among analysts that the company may unveil the iPhone SE4, a budget-friendly model featuring Apple Intelligence capabilities. This announcement follows reports of a partnership between Apple and Alibaba aimed at integrating Apple Intelligence into devices in China.
Amidst the anticipation surrounding Apple’s latest endeavor, CEO Tim Cook hinted at a new product launch on Wednesday. Although specific details were not disclosed, analysts believe that a refreshed iPhone SE model could be on the brink of release, potentially in early 2025.
According to Morgan Stanley’s latest assessments, the expected price for the iPhone SE4 could start at $499, and it may include Apple Intelligence features, which Cook has cited as a key factor behind record iPhone upgrades observed recently.
Morgan Stanley has reaffirmed its “overweight” rating for Apple and maintains a price target of $275. A review of the 16 analysts that follow Apple, as reported by Visible Alpha, reveals that nine have issued a “buy” recommendation or equivalent, while five analysts suggest holding and two recommend selling. The consensus price target stands at approximately $253, indicating a projected 4% increase over Friday’s closing price.
The impending launch is notably timed with the partnership announcements between Apple and Alibaba. Alibaba Chair Joe Tsai mentioned the collaboration aimed at enhancing iPhones in China with advanced artificial intelligence features. Reports from The Information and The Wall Street Journal indicated that Apple has submitted AI features developed in collaboration with Alibaba to Chinese regulators for review, a procedure that may extend over several months.
Following this wave of developments, Apple’s stock saw an uptick of 1.3% on Friday, closing at $244.60, marking a one-year gain of approximately 33% in value.
Source
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