2 Catalysts That Could Power Shares to $250

Apple (NASDAQ:AAPL) stock has been really struggling to break through to a new all-time high. Undoubtedly, Apple seems to have been outshined by its peers in the Magnificent Seven, but there exist catalysts that could help power a much-awaited rally, perhaps to the Street-high price target of $250 per share.

Indeed, Apple stock seems to be quite the battleground between the bulls and the bears, especially lately. The bears would point to weak growth and stagnation in iPhone demand in the Chinese market. Meanwhile, the bulls have a strong argument that the high-margin Services segment continues to swell and that looming products could easily drive growth rates much higher.

Personally, I’m siding with the bull camp. Though bearish arguments are quite sound, I do believe they’re too backward-looking. Sure, the iPhone 15 Pro Max could have had much better sales had the Chinese economy not been in a massive slump. And the recent drama revolving around Apple Watches being pulled from shelves has taken a subtle jab to the wearables segment.

Apple Vision Pro Will be a Bigger Deal in the Future

Though the recent quarter wasn’t bad, it certainly left much to be desired. Nonetheless, with the Vision Pro selling quite reasonably well, look for the new spatial computing device to become a bigger part of the Apple revenue pie each and every year.

Though the Vision Pro probably won’t surpass iPhone sales in the next three to five years, I think it could give the Mac segment a good run for its money. This is especially true if Apple’s innovators can reduce the size and power requirements of the device (a smaller form factor with no detached battery would certainly help the device become more than just a “niche product”).

Though it’ll take time for sales in Vision Pro to march higher, I believe that advancements on the software side could act as a driver on the share price in the near-to-medium term. We’re likely more than a year away from the next iteration of…