According to Wedbush analyst Dan Ives, Apple’s rumored home robot could be a “game changer” for the tech giant and potentially a “massive” market opportunity. Ives believes the robot, codenamed “Appl,” could be released as early as 2024 and could be a “massive pivot” for Apple into the artificial intelligence (AI) and consumer robotics space. The robot is expected to combine AI, robotics, and smart home capabilities, potentially serving as a personal assistant and companion. Ives suggests the robot could be a “major shot in the arm” for Apple’s services ecosystem and could drive further hardware sales. However, he acknowledges that the robot’s success will depend on its capabilities, pricing, and consumer demand. Ives estimates the consumer robotics market could be a $150 billion opportunity for Apple over the next decade.
Source: https://www.businessinsider.com/apple-home-robot-appl-stock-outlook-ai-wedbush-dan-ives-2024-4