As Apple’s (AAPL) Worldwide Developer Conference (WWDC) approaches, investors are focused on the tech giant’s new offerings, with a particular emphasis on its advancements in the realm of artificial intelligence (AI). Bokeh Capital Partners Chief Investment Officer Kim Forrest joins Catalysts to share her perspectives on this highly anticipated event.
Forrest acknowledges Apple as "the go-to appliance" in the developed world. However, she notes Apple’s need to continuously innovate to incentivize consumers to upgrade their products: "It has to be fresh and new and wonderful." Despite the rising costs of Apple’s devices, Forrest notes a pullback among individuals to part ways with their existing products.
"What I think Wall Street really wants to see are compelling reasons why somebody would trade in a perfectly good phone for this new AI-enabled Apple [product]," Forrest tells Yahoo Finance.
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