On the “It’s Glowtime” occasion, Apple AAPL launched 4 variations of iPhone 16 primarily based on AI, the Watch Collection 10, a brand new Watch Extremely and the AirPods lineup. The brand new AI-based iPhones are anticipated to kickstart the subsequent large improve cycle, enhancing the corporate’s efficiency and restoring investor confidence in Apple. Analysts turned bullish on the inventory, with a number of lifting their goal worth (learn: Apple Gears Up for Glowtime Event: ETFs in Focus).
Traders searching for to faucet the potential progress ought to take into account ETFs having the biggest allocation to the tech titan. Vanguard Info Expertise ETF VGT, MSCI Info Expertise Index ETF FTEC, iShares US Expertise ETF IYW, iShares Russell Prime 200 Progress ETF IWY and Vanguard Mega Cap Progress ETF MGK have Apple as the highest or second agency with a double-digit allocation. These ETFs have a Zacks ETF Rank #1 (Sturdy Purchase) or 2 (Purchase).
Insights Into the New Launch
iPhone 16: The iPhone 16 lineup consists of the iPhone 16, iPhone 16 Plus, iPhone 16 Professional, and iPhone 16 Professional Max, all built-in with Apple Intelligence and visible search.
The iPhone 16 and 16 Plus are powered by the A18 Bionic chip and have a number of upgrades, reminiscent of 5 new coloration choices, a customizable Motion Button and a brand new Digital camera Management button. The iPhone 16 Professional and Professional Max include bigger shows — 6.3 inches and 6.9 inches, respectively — and are powered by the superior A18 Professional.
The value of iPhone 16 will begin at $799 whereas 16 Plus begins at $899. The Professional mannequin begins at $999 for 128 GB, whereas the Professional Max begins at $1,199 for 256 GB. Each fashions can be accessible for pre-order on Sept. 13 and formally be on sale from Sept. 20. Apple Intelligence will even be accessible beginning subsequent month, together with on older gadgets iPhone 15 Professional and 15 Professional Max.
AirPods: Apple launched two variations of AirPods globally — the AirPods 4 mannequin with lively noise cancellation and an upgraded AirPods Professional 2 with built-in listening to help capabilities. The brand new AirPods 4 fashions purpose to switch the second and third-generation AirPods. The highlights embody a Sort-C port for charging and a revamped design for a extra comfy match. AirPods Professional 2 consists of new listening to safety options, decreasing louder, extra intermittent noise whereas nonetheless preserving the sound of what you are listening to (learn: Is Apple Stock “Under-owned”? ETFs in Focus).
Apple Watch 10: Apple Watch Collection 10 would be the thinnest but — making it extra comfy than ever — and presents the most important, most superior show of any Apple Watch. It additionally options new sleep apnea notifications, sooner charging, water depth and temperature sensing, plus new well being and health insights and intelligence in watchOS 11. Apple Watch Collection 10 is accessible in each aluminum and titanium.
Analysts Flip Bullish
Following the “Glowtime” occasion, a number of analysts raised their goal worth on Apple. Wedbush, a longtime Apple bull, has grow to be extra optimistic concerning the progress potential of the corporate because of the introduction of Apple Intelligence on iPhone gross sales. It lifted the worth goal by $15 to $300, citing that Apple is making an enormous guess that AI applied sciences will reverse the continued decline in iPhone gross sales.
Wedbush believes Apple’s greatest improve cycle is about to begin. Globally, about 300 million iPhones haven’t been upgraded in additional than 4 years, which Wedbush says might imply greater than 240 million iPhone models bought in fiscal 2025.
At present, Apple carries a Zacks Rank #3 (Maintain) and has a Progress Rating of B, suggesting that the iPhone maker is primed for progress. Apple inventory is comparatively low-cost, buying and selling at a P/E ratio of 32.99 in contrast with Amazon’s (AMZN) 36.97 occasions and Netflix’s (NFLX) 35.39 occasions (see: all the Technology ETFs here).
ETFs in Focus
Vanguard Info Expertise ETF (VGT) – Apple accounts for a 17.2% share.
MSCI Info Expertise Index ETF (FTEC) – Apple accounts for a 17.5% share within the basket.
iShares US Expertise ETF (IYW) – Apple makes up 16.7% of the property.
iShares Russell Prime 200 Progress ETF (IWY) – Apple accounts for a 14% share within the basket.
Vanguard Mega Cap Progress ETF (MGK) – Apple accounts for 13.4% of the entire property.
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Apple Inc. (AAPL) : Free Stock Analysis Report
Fidelity MSCI Information Technology Index ETF (FTEC): ETF Research Reports
iShares U.S. Technology ETF (IYW): ETF Research Reports
Vanguard Information Technology ETF (VGT): ETF Research Reports
iShares Russell Top 200 Growth ETF (IWY): ETF Research Reports
Vanguard Mega Cap Growth ETF (MGK): ETF Research Reports
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
