Citi Banks pointed out that the iOS 18.2 update released by Apple is basically in line with expectations, and they forecast that there will be even greater highlights in future updates.
According to the Zhiyun Finance APP, Citi Banks noted that the iOS 18.2 update released by Apple (AAPL.US) is basically in line with expectations, and they forecast that there will be even greater highlights in future updates. In a detailed analysis, Citi Analyst Atif Malik emphasized that some basic functions of Siri in the latest system version have been taken over by ChatGPT, but this does not affect his view on the phased rollout of Apple Intelligence features. He believes that this strategy will not significantly change the differences in the update cycles of iPhone 16/17 compared to previous cycles. Malik maintains a 'Buy' rating for Apple and a Target Price of $255.
Specifically, iOS 18.2 brings several updates, including the integration of ChatGPT into Siri, as well as new features such as writing tools, image playground, visual intelligence, Genmoji, image wand, and more. Additionally, the Apple Intelligence service has now expanded to six countries, including Canada, Australia, and the United Kingdom.
Looking ahead, Malik is optimistic about the updates for iPhone 17 and predicts that Apple will achieve shipments of 0.227 billion units, 0.246 billion units, and 253 million units in 2024, 2025, and 2026, respectively.