The article discusses an analyst’s prediction of Apple’s stock price reaching $240 by 2024, driven by the company’s leadership in artificial intelligence (AI) and the continued success of the iPhone. Key points include: Apple’s AI capabilities, particularly in areas like natural language processing and computer vision, give it a competitive edge. The company’s AI efforts are expected to enhance user experiences across its product lineup. The iPhone remains Apple’s flagship product, and strong sales are anticipated for the 2024 models. Apple’s services business, including offerings like Apple TV+, Apple Music, and iCloud, is also seen as a growth driver. The analyst cites Apple’s robust ecosystem, loyal customer base, and ability to monetize its installed base as factors supporting the $240 price target. Overall, the article highlights Apple’s AI prowess and the iPhone’s enduring popularity as key reasons for the bullish stock price prediction.