Dan Ives on Apple: June will be the last negative quarter in China

Dan Ives, WedBush Securities analyst, joins 'Squawk on the Street' to discuss Apple, his outlook on the stocks' target price, China, and more.

[@kendavies8351]

Over the last decade, my tech stocks, particularly Apple, demonstrated robust performance with a P/E gain exceeding 30%. Looking forward, what stocks do you foresee as the next Apple in terms of growth for the coming decade?

[@karenwilliams9653]

Identifying the next Apple within the tech sector can be challenging, given Apple's exceptional performance. Consider diversifying beyond tech stocks.

[@lisaMauer-sj5el]

Have you heard about Apple's recent patent issue with their new watches? The production halt might impact share prices, given the Apple Watch's significance.

[@kendavies8351]

Intriguing. How severe is this issue, and do you anticipate it affecting Apple's overall performance in the coming months?

[@lisaMauer-sj5el]

Monica passed on information about the patent issue and is already taking actions to mitigate potential drops in share prices.

[@lisaMauer-sj5el]

In my opinion, with evolving market dynamics necessitate a reevaluation of strategies. Engaging a wealth planner is essential for navigating the next decade successfully, leading to over $450,000 in profit over the last two years with less than a 100k when I started.

[@99cya]

Dan is fun to listen to. He often starts a sentence and then just doesnt finish it 😂

[@maltlickytexas]

I'm a simple man; I see Dan Ives, I click & watch.😂

[@JamesMullarneyIsAFraud]

youre simple alright if thats your thought process

[@maltlickytexas]

@@JamesMullarneyIsAFraud I am impressed you can repeat what I explicitly stated. Yes, I am simple. Please, repeat that again.😂

[@donkeychan491]

Dan Ives has all the credibility of a used car salesman

[@Mr.Eeeeeeeee]

He's been spot on with AAPL

[@unholydonut]

@@Mr.Eeeeeeeee Right. Apple car is selling like hot cake like he dreams of right?

[@alr8141]

He also dresses like one

[@prolific1518]

​@@Mr.Eeeeeeeee he hasn't been spot on with anything. He was telling people to buy apple at the top then it dumped. It's magically been saved by constant price target upgrades. It's clear market manipulation.

[@SaxonFaust]

I’ve avoided all his videos

[@ryanjohnson4515]

I don't think Apple is in trouble, but it is so tiresome to hear the same "AI" talk that will lead to a resonance for all the big tech giants.

[@belchmelch]

thing is… no one understands how AI will help… But Apple is the best at explaining why you need it… In any case, i’m buying options calls on a future bogus sell off day pre-earnings report. MSFT is clearly the easier buy tho.

[@ryanjohnson4515]

@@belchmelch Agreed. My view for the tech giants is: 1. Microsoft (best position for AI and big software moat) 2. Amazon (Cloud and Robotics) 3. Apple, Meta, Google

[@Mr.Eeeeeeeee]

@@belchmelch I don't see Microsoft as the clear buy. Their AI implementation so far is mediocre at best. I don't use any of it. Just ChatGPT

[@mathewvarghese4387]

Apple is connected with open Ai and Google and it will do more realistic things.

[@PelosiStockPortfolio]

@@Mr.Eeeeeeeee Dont sleep on MSFT (or other video game developers) as a big winner from AI. A clear early use case for AI is upgrading NPC behavior to elevate gaming experience. It would be a big win for whoever does that first. At the same time other use cases for AI in our every day lives havent even been figured out yet.

[@Hello-pl2qe]

What we really want to know, Dan, is where do you get these clothes?

[@99cya]

The reason i have kept my apple shares and even increased my position is this: apple has n insanely large, fully active and strong user base. If good use cases are found with AI, apple is in the best spot to advertise and exploit that.

[@prolific1518]

Psss... Apple's userbase has become considerably poorer as it became a sheep magnet. The poor look at iPhones as status symbols now. It's the reason the upgrade cycles are becoming longer. The poor can't afford to upgrade.

[@typerlover]

Is there a link anywhere to Dan Ives disclosures where he mentions yes to other conflicts. I would like to see if he receives any compensation in any way from the companies he promotes.

[@CaptainMarvel007]

Mr. Ives, the stock market prophet 🤔

[@merrittwitherspoon7894]

He didn’t even mention Apple Vision Pro!

[@mathewvarghese4387]

Interesting thing is after next two quarters it will be almost more than $2000. That means if it drops to $1500 to $1000 then also my profit and principal is safe. Am I correct?

[@user-kh9qo3sj3u]

If you are looking for sound advice, Paul Meeks nails it!

[@PelosiStockPortfolio]

Hes getting way ahead of himself. When AI actually has uses for every day consumers then there will be a super cycle. They havent figured out what that is going to look like yet. The biggest group of AI users currently is high school/college students using it to write essays, and the next iPhone model will be the same type of minimal changes as the previous 4 versions

[@enoessien7641]

Whenever Dan is on … it’s “a get out the popcorn moment” 😅

[@aguyinavan6087]

Yeah right Dan. The population of China is decreasing fast. You're not going to endlessly grow revenues in a country with a declining population, who are out of work, because us companies are still leaving a country set on taking over another democratic country, Taiwan. Until the Taiwan issue is resolved, people will be hording their wealth in Gold. And property values cannot escalate in a world with declining demographics. China has longstanding problems that will only get worse with time.

[@OwenAlekos-mh7yw]

When people's records are like a fake apple's to apple's game because it's just the opposite side and they have to move them to the current side; and doing so blind is the easiest way but it requires handing over rights. Regarding New Holland identities from 1624. Like, of course it's only mutual and fair and is like a 1-1 exchange and group census comparison. As well as great profile extortion. Like, through the fairness they can have a record without any barriers... And... People find USSR and Chinese people who were likely to not have been in USSR nor China recently like they said. Like, what if that's the code for finding the traitors and homicidal sociopath thieves? Regarding how it could be like "the NPC characters are from China and are claimed as New Holland when in USA because of an exchange..." It would be showing 100% true fair value of identity records and relations. Like, 'social value' (putting people into a cost's analysis system. How much does a person cost? Not really answered like people thought because of the cult's faking social systems... And how much money does it cost to not be sold?).

[@theguildedcage]

Meet the new phone. Same as the old phone.

[@Tuxiii808]

Best guy!! 😂

[@user-xr9ln5pf7y]

Delirious!

[@argenti14]

dan ives is king-take out the popcorn

[@23pinkpear]

I don’t think folks will pay for a subscription model of AI

[@CaptainMarvel007]

The average retail consumers not really, but enterprise customers will if the cost is justified by its benefits.

[@briantep458]

@@CaptainMarvel007 enterprise benefits microsoft, not apple

[@CaptainMarvel007]

@@briantep458 Valid observation. Regardless, regular consumer won’t pay for a subscription at this early stages of AI, wether is Microsoft, Apple or anyone else. There’s still years before will see the value in it, just the autonomous driving technology, still years away before it comes to the masses.

[@briantep458]

@@CaptainMarvel007 No average consumer will ever pay, AI/AGI will just be commoditized at that point. The early winners will be enterprise software (and of course the semiconductors). We will experience a brief mini crash in between, before robotics/humanoids complete the full 10 year AI Bull Market cycle.

[@TheMagicJIZZ]

​@@briantep458would you pay $250 for an autonomous car that you can rent or use like Uber per ride? In a monthly subscription? openAi for example charges $20 a month or does API fees but it's a limited market What is the AI market or iPhone of ai?

[@fooslinger]

I am here to check in with Dan Ives' wardrobe selection. Maybe buy some Apple stock before I go pick out my light mint-green blazer.

[@scottwilliamson1929]

Dan Ives, the Godfather of loud jackets!!😊

[@yobuddi]

That shirt is too dope

[@isaacjohnson5790]

Lol. Dan Ives catch phrases. "Get out the popcorn moment."

[@PkTwothousand]

Why do they keep bringing this guy on

[@mikeshawn5864]

0:48 exactly😅😅

[@ThomasShelby-xz2fk]

Apple will continue to be a beast in the next decade

[@ConsistentlyAwkward]

my prediction is we won’t see Dan Ives for a while after none of this happens 😂

[@RionellKoay]

when an analyst wore this colour of coat, you knew what's coming

[@JPHolling]

This is the most vulnerable apple has been in a long time. They could pull it off because they have a trusted brand and consumers are slow to react to better technology. Facebook Microsoft, and Google have all positioned themselves to take away future/potential market share from Apple.

[@moshebmoshe]

Dan and his “Godfather and Mount Rushmore” references is getting old

[@BilgePump]

AAPL and NVDA,,,Secretariet and Sham all over again!! 🐎Both of these double by EofY. It is historic. Well said

[@geraldbrowne]

Question: why would anyone pay a fee to Apple to restrict their AI to a carry device? When by attaching to google or Microsoft, you can use AI applications across the cloud platform if on any device? Including iPhones. Apple like Microsoft of the 90’s think they have a moat around their phone. Clearly an opening for a Microsoft phone or improved android would better suit their AI suite of products. Apple has no moat anymore. Watch the tech migration to other forms of communications.

[@argenti14]

Dan plays chess cnbc plays checkers

[@willtwain1383]

50% move in APPL is hard to fathom. PE would be over 40. It is possible, but that is a big move. He may be a year early.

[@briantep458]

its a 3T dollar fully matured tech company, really difficult to assume the company will generate meaningful revenue growth in the new coming years. Especially when most people can barely afford to pay their rent and groceries, buying a new phone is the last thing on their mind. AI is a productivity tool, its more impactful on the PC/laptop versus mobile which is just used for text messaging, taking photos, and watching tiktok.

[@willtwain1383]

@@briantep458 I love APPL, doubt it can do a 50% move in 18 months. The service business is a huge profit maker and is growing rapidly, but 50% for such a huge company is difficult. I hope Dan is right.

[@wt3447]

For some reason samsung cell phone is so much easy to use like a small pc. Apple isn't

[@DKR977]

I love how he get's some of his data from what the New York City cab drivers tells him on his cab rides, too funny.

[@PabloFajaOfficial]

We interact with a lot of people in different industries and talk to them about the state of the industry that the riders work in. Being a taxi driver gives us a pulse of the economy. While driving around, we can see if there are a lot of signs saying now hiring and if commercial real estate is available. This gives us front line understanding how the economy is doing.

[@jr7055]

I agree. Apple knows it's do or die now. Release good AI or be overtaken by android. Only reason I'd leave apple is because there's no match to google assistant.

[@3thinking]

AI will interact with most consumers by telling them their job has gone.

[@walterconn5637]

Maybe Apple needs to have ai that protects privacy?

[@terrylee6703]

Dan Ives worst Wall Street analyst. Nothing but paid Wall Street analyst. How is his favorite TSLA doing

[@cryptonite8287]

dan ives has been so wrong so many times. he is behind the times.

[@EJH-jn6mo]

Good to know, thanks. This guy is showing up everywhere and feels like Apple is compensating him as their sales person. Definitely doesn’t feel like a credible analyst. More car salesman.

[@Andyyy213]

Actually he’s been spot on for tons of his calls. I got in Apple months ago at 160 and it was a solid investment. Just ignored the negative media about china sales blah blah. Apple’s growth story is about to unravel once again.

[@cryptonite8287]

@@Andyyy213 yes, spot on. the latest product was a huge failure. they are just using AI to have people forget about it.

[@bruxi78230]

@@Andyyy213 ---- Exactly right about China iPhone sales. The estimated shipment stats (which aren't sales at all) were that Apple would be down -19% in iPhone sales last quarter. In fact when the number was reported Apple was actually up in iPhone sales in China. The real reason is because shipments are estimates and the data companies don't have 100% of the data. Many times they are wildly off of reality.

[@Mr.Eeeeeeeee]

He has been right about AAPL for years. Pay attention.

[@KenjiEspresso]

Or not. 😂

[@H3H3official]

iphone forever

[@anzatzi]

What are the AI apps going to do?

[@richhead8462]

Wipe u at the toilet.

[@paulbunch5657]

Ives gives the nod to Microsoft at about 5:00 in.

[@judahdatoy6134]

Hey CNBC. About Tesla Topic.... Could you have Steven Mark Ryan from Solving The Money Problem Channel. All of your Tesla Talkers are all cooks. Out of touch of reality and not ever accurate, maybe sometimes.

[@dvidedmindz]

Lmao he has been calling an upgrade super cycle for the last 2 half years.

[@JamesMullarneyIsAFraud]

exactly

[@Culperrr]

In what world does it make sense that AI wouldn't be able to be used on non-iPhone 16 devices? IOS is compatible with the iPhone XR, a six-year-old device. They want the most people possible to use their products. Now perhaps the hardware limitations of a device like the iPhone XR won't be good enough to utilize AI, but I would argue that at least an iPhone 12 has the capabilities. Most users are consumers, not AI developers.

[@uriyahrobinson7704]

…and with a strong thesis, why doesn’t he own any of AAPL???😅

[@astrophage381]

To avoid conflict of interest?

[@peterl.104]

@@astrophage381one of the most intelligent posts on this video I’ve seen so far so, tell me this: Why did Dan Ives think that blue-green jacket went well with that shirt?

[@vpwl]

Apple has never had AI - the question is who will they utilize?

[@FirstNameLastName-fv4eu]

God knows what this guy is drinking!!

[@devinwynn1299]

I swear he gets a commission from Jensen on every time he says godfather of ai. No one believes they. Jensen created the hardware for ai (even that’s generous, he’s the ceo not the cto) but he knows nothing about the advanced math and techniques behind it. Shut up ives

[@EasyTechTrading]

dan relies so much on 2.2 billion apple users. 1/4 or 1/2 might probably upgrade to new iphone. but its not guarantee, apple surging price year over year on every new iphone they release and consumers can’t afford it. China mobile phone is always be the second choice due to price and quality. also A.i is not as good as OpenAi and probably still on development. Apple haven’t release a ground breaking technology since steve job passed. all the new features they adding on iphone, android already have it. they only reason people stick around with apple is their device eco system, apps, and privacy.

[@Mr.Eeeeeeeee]

3.5 year upgrade cycle. That's a lot of device upgrades per year. It's not the phone. It's the ecosystem that people buy in to no one who doesn't own AAPL understands this.

[@mannydavidcastillo1109]

AI is a nothing burger

[@JamesMullarneyIsAFraud]

this guy is a clown.

[@judahdatoy6134]

Dans spund bites need to be declusterred and actually explained because in Dan Ives head whenever he has sound bites he is running First, in reality its just a bunch of BS talk.

[@deltadom33]

He doesnt know what he is talking about, he wouldnt know the difference between a neutral network and machine learning and a large language model

[@jasonhutchinson8060]

Dan is so far up Apples ass it is actually more of a comedic routine at this point.

[@SaxonFaust]

This Dan guy is a hack

[@user-kh9qo3sj3u]

Apple has been and will continue to be dead money.

[@josephroberts7374]

lol. Look at the charts. It's killed the market/QQQ over the past 5 years and longer. Just not doing great over the past 6 months, but it historically goes through it's big dips.

[@prolific1518]

Market manipulator Ives

[@ashishanand4mech]

Dan has learnt a word "Cupertino" that he keeps repeating