Apple Inc. (NASDAQ: AAPL) is set to unveil its iPhone 17 lineup later today, with Wall Street closely watching the company’s pricing strategy, AI ambitions, and its ongoing production shift from China to India.
Spotlight on Artificial Intelligence
Beyond hardware, Wedbush sees Apple’s AI strategy as the most critical talking point of the launch. With rivals like Alphabet Inc. (NASDAQ: GOOGL) advancing aggressively through Google Gemini, analysts suggest that a partnership between Apple and Google could be on the horizon.
Wedbush even floated the possibility of Apple pursuing acquisitions, naming Perplexity AI as a candidate that could help accelerate its artificial intelligence roadmap.
Antitrust Ruling Opens the Door for Google Partnership
Apple also recently benefited from an antitrust ruling against Google, which allowed the company to keep Google Search as the default engine on iOS. Analysts believe this decision could pave the way for deeper cooperation in AI between the two tech giants.
Stock Outlook
Wedbush maintains an Outperform rating on Apple stock with a $270 price target. Shares are down about 2.5% year-to-date in 2025, though they have already recovered most of their earlier losses.