After Apple (AAPL) released the specs for the iPhone 16e yesterday, BofA noted that Apple Intelligence is available on the device and the 2-in-1 camera supports Visual Intelligence. “Whether or not the iPhone 16e will cannibalize sales from the iPhone 16 or incentivize upgrades is something investors will be watching closely,” says the analyst, who maintains a Buy rating and $265 price target on Apple shares. The firm’s FY25 revenue and EPS estimates of $411B and $7.30, respectively, are unchanged, the analyst noted.
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