According to analyst Ming-Chi Kuo, Apple (AAPL) is exploring the possibility of entering the robot market in order to boost sales. More specifically, the tech giant is looking to focus on both humanoid and non-humanoid designs. Kuo believes that Apple’s approach will prioritize how users interact with robots rather than their physical appearance. In addition, the company is reportedly using anthropomorphic (human-like) designs with an emphasis on sensing hardware and software.
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However, Kuo predicts that the launch of an Apple-branded robot is unlikely to happen soon, with mass production potentially starting in 2028 or later. This timeline is based on current progress and typical development cycles. Despite the wait, Kuo’s insights provide a glimpse into Apple’s robotics ambitions, which could potentially be the company’s “next big thing.”
Interestingly, Apple has been unusually open about its robotics research, with a recent research paper describing a robot similar to the iconic Pixar lamp, which is a beloved character from Pixar Animation Studios. Furthermore, rumors suggest that Apple is working on a smart home tabletop robot with an iPad-like display and robotic arm. These developments indicate that Apple has a growing interest in robotics and its potential to make a significant impact in the market.
Is Apple a Buy or Sell Right Now?
Overall, analysts have a Moderate Buy consensus rating on AAPL stock based on 18 Buys, 11 Holds, and four Sells assigned in the past three months, as indicated by the graphic below. After a 27% rally in its share price over the past year, the average AAPL price target of $250.94 per share implies 6.8% upside potential.
