Bloomberg Intelligence Apple Hits First Record of 2025 as iPhone Optimism Fuels Rebound
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Oct 20, 2025 Apple's stock has surged as iPhone 17 sales outpace expectations, especially in China. Experts discuss advancements in the new model, including efficiency upgrades and the need for Apple's AI strategy. Meanwhile, Kering's sale of its beauty division to L’Oreal signifies a shift back to focusing on its core brand, Gucci, amid market challenges. In wealth management, discussions revolve around how AI is enhancing client interactions, while emphasizing the irreplaceable human touch in advisory roles.
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iPhone Demand Eases Concerns
- Apple saw a positive post-launch signal with iPhone 17 demand outpacing iPhone 16 in early US and China sales.
- Mandeep Singh says Apple needs stronger on-device LLM capabilities or partnerships to compete on generative AI.
Refresh, Not A Major Upgrade Cycle
- Apple’s current upgrade cycle is a normal refresh rather than a major AI-driven replacement trend.
- Singh highlights Android currently offers a better native LLM experience than Apple does.
Choose Investment Or Acquisition For AI
- Apple can expand AI by boosting CapEx or acquiring/partnering with frontier LLMs; both routes could work.
- Singh recommends Apple leverage its distribution while choosing either internal investment or acquisitions.