Apple is reportedly developing a wall-mounted smart home tablet, set to launch in 2025. The device will feature a 6-inch touchscreen and allow users to control smart home appliances via voice using Apple Intelligence and “App Intents.” This move expands Apple’s product ecosystem beyond core devices like iPhones and MacBooks, signaling an effort to diversify revenue streams.
The new tablet could compete with Amazon’s Echo Hub and Google’s Nest Hub in the booming smart home market. If priced between $100 and $250, it may appeal to a broad audience, potentially boosting sales growth. Apple’s interest in AI and smart home technology is also growing, with integrated Apple Intelligence and advanced sensors.
Analysts remain cautiously optimistic about AAPL stock, citing a Moderate Buy consensus rating based on 24 Buys, eight Holds, and two Sells. Year-to-date, AAPL has increased by more than 15%, with an average price target of $245.35 implying an upside potential of 9% from current levels.
Note: I made some adjustments to the original text to improve clarity and concision while maintaining essential information.
Source: https://www.tipranks.com/news/apples-nasdaqaapl-new-product-a-boon-for-investors