Benzinga - by Ananya Gairola, Benzinga Staff Writer.
Two prominent analysts, Gene Munster and Dan Ives, have expressed differing opinions on the possibility of Apple Inc. (NASDAQ:AAPL) venturing into the realm of personal home robots.
What Happened: On Friday, Munster, the managing partner at Deepwater Asset Management, suggested that Apple's reported foray into the realm of personalized robots would be a logical step for the tech giant. However, he believes the likelihood of a product launch in the next five years is slim to none.
“I 100% agree that it makes sense for Apple to have a small skunkworks project exploring a deeper dive into home automation. That said, I put the probability that we see a product in the next 5 years at slim to none,” Munster said, adding, “As a reminder, Apple works on a lot of things that never see the light of day.”
$AAPL may be working on a personalized robot, as reported by Mark Gurman. I 100% agree that it makes sense for Apple to have a small skunkworks project exploring a deeper dive into home automation. That said, I put the probability that we see a product in the next 5 years at slim…— Gene Munster (@munster_gene) April 4, 2024
On the other hand, Wedbush analyst Ives stated that the market wants Apple to concentrate on enhancing its AI capabilities and not delve into robotics. On Thursday, Ives shared a video clip from CNBC Last Call, in which he called the idea of Apple investing in robots a “horror show.”
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“It would be a horror show if they actually spent money on robots,” Ives said giving example of Project Titan that Apple has reportedly cancelled. He added, “They need to focus on AI. For [Tim] Cook, his legacy is gonna be AI. If they went after robots, that would be a black eye moment for Apple.”
For Apple the Street wants Cupertino to focus on one thing to add the golden ecosystem: AI…..and certainly not robots in any form