Analyst Says Apple (AAPL) Is Going to Make a New All-Time High

We recently published Top 10 Trending Stocks as Famous Billionaire Predicts Massive AI Stock Rally Before Bubble Burst. Apple Inc. (NASDAQ:AAPL) is one of the trending stocks.

Joseph Terranova from Virtus Investment Partners said in a latest program on CNBC that he believes Apple could make a new all-time high. Here is what the analyst said:

“Apple Inc (NASDAQ:AAPL) continues to push higher. I am long. I think we’re going to make a new all-time high in Apple. Okay. Yes. All right. I mean, we’re not that far away. Yeah, we’re not that far away.”

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Terranova’s call may be right in the short term, but the stock is losing catalysts for the long term. Many analysts are warning that the market should not turn overly bullish on the iPhone 17 cycle. Apple can only do so much in innovation to revolutionize its iPhone each year. A UBS survey shows that the iPhone upgrade cycle has reached 35 months in the US. A separate report from Consumer Intelligence Research Partners says about 63% of iPhone users keep their smartphones for more than two years. Apple is losing its pricing edge as it has to put a cap on its price tags to compete in key markets like China. Samsung, Xiaomi and other companies can launch advanced hardware and software features to compete with Apple and keep the company under pressure in Asia.

Columbia Threadneedle Global Technology Growth Strategy stated the following regarding Apple Inc. (NASDAQ:AAPL) in its second quarter 2025 investor letter:

“Finally, shares of technology bellwether Apple Inc. (NASDAQ:AAPL) underperformed the market and lost value as the company faced a classic innovator’s dilemma, which appeared all the more egregious as competitors embraced the AI opportunity. Apple has had a dominant market position in smartphones and services, but now more than ever, investors are questioning the future outlook for the company. Despite posting a negative absolute strategy return during the quarter, which weighed on absolute strategy returns, relative to Apple’s the company’s large position in the benchmark our underweight position proved to be a tailwind to relative results during the quarter.”

While we acknowledge the potential of AAPL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.