Apple Inc. (NASDAQ:AAPL) ranks among the best FAANG+ stocks to invest in right now. Evercore ISI reaffirmed an Outperform rating and $330 price target for Apple Inc. (NASDAQ:AAPL) on March 5 in response to the company’s revamped MacBook product range, which includes the $599 MacBook Neo. The new lineup comes with the latest M5 chips, whereas the MacBook Neo has the A18 Pro chip, which improves AI performance, memory, and battery life.

The MacBook Neo’s debut solidifies Apple’s position in the midrange PC category, where it will face increased rivalry from conventional PC OEMs. Neo strengthens Apple’s flywheel effect by attracting more price-sensitive customers to the Mac environment.

Wedbush also commented on the lineup, stating that over half of Mac customers are new to the platform. The firm believes the new portfolio will deliver a modest boost to Mac projections as it targets consumers eager to update their laptops.

Apple Inc. (NASDAQ:AAPL) engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables, and accessories, and other varieties of related services.

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