Oppenheimer Sticks with Apple Despite Meta’s New Smart Glasses
Apple Inc. (NASDAQ: AAPL) continues to attract close attention from AI stock analysts. On September 18, Oppenheimer reiterated its ‘Perform’ rating for Apple, showing confidence in the tech giant’s resilience. This decision comes right after Meta unveiled its latest innovation — the Ray-Ban Display smart glasses, priced at $799.
Meta’s Smart Glasses: No Immediate Threat to Apple
Meta’s new smart glasses feature an in-lens display and EMG (Electromyography) capabilities, aiming to blend wearable tech with everyday style. However, Oppenheimer reassured investors that Meta’s Ray-Ban Display does not pose a significant threat to Apple’s market position. Apple remains a leader in the tech sector, especially as AI and wearable technology evolve.
Oppenheimer’s stance highlights the enduring faith in Apple’s innovation pipeline and its ability to withstand competition, even from big names like Meta. Investors and tech enthusiasts should keep an eye on how both companies advance in the wearable tech space.
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